Which of the following is not a component of M1?
A. Currency
B. Passbook savings account
C. Checking accounts
D. Traveler's checks issued by non-banks
B. Passbook savings account
You might also like to view...
If the money multiplier is 5 and the Federal Reserves issues bonds in the amount of $6 million, what is the final change to the money stock?
A) - $30 million B) $30 million C) $1.2 million D) - $1.2 million
During the international crises of 1837 and 1857,
(a) the U.S. and England were connected financially. (b) the British were pursuing heavy internal improvements. (c) the U.S. was in the midst of heavy industrial expansion. (d) all of the above were true.
We cannot predict the effect on the market clearing price, but know that the equilibrium quantity will increase when
A. supply and demand for a product simultaneously increase. B. supply decreases and demand increases. C. supply increases and demand decreases. D. supply and demand for a product simultaneously decrease.
Bank C promises to pay a compound annual interest rate of 6 percent, while Bank S pays an 8 percent simple annual interest rate on deposits. If you deposit $1,000 in each bank, after 10 years, your deposit in Bank C equals ________, while your deposit in Bank S equals ________.
A. $1,600; $2,159 B. $1,060; $1,800 C. $1,600; $1,800 D. $1,791; $1,800