Checking account balances are:
A. not included in M1.
B. not money.
C. included in M2 but not M1.
D. included in M1 and serve as a medium of exchange.
Answer: D
You might also like to view...
If an increase in quantity demanded of a product reduces the quantity demanded of another, then the two goods are said to be substitutes.
Answer the following statement true (T) or false (F)
_____ advantages refer to the mode of entry abroad.
a. Locational, or country-specific b. Environmental c. Internalization d. Externalized e. Ownership, or firm-specific
Which interest rate is typically the lowest?
A) 3-month Treasury bills B) 2-year Treasury notes C) 10-year Treasury bonds D) 30-year Treasury bonds
An individual's quantity of money demanded
a. refers to how much money the individual would like to have b. refers to the amount of money an individual needs to maintain her desired standard of living c. refers to her wealth constraint d. refers to the amount of her wealth that an individual chooses to hold in the form of money e. is virtually unlimited