Which of the following compose the M2 money supply?
a. Currency only.
b. Currency, checkable deposits, and traveler's checks.
c. M1 plus large denomination time deposits and Eurodollar deposits.
d. M1 plus savings deposits and small-denomination time deposits.
d
You might also like to view...
Members of the Federal Reserve Board of Governors are
A. appointed by Congress to staggered 14-year terms. B. selected by each of the Federal Reserve banks for 4-year terms. C. selected by the Federal Open Market Committee for 4-year terms. D. appointed by the president to staggered 14-year terms.
The nation of Aquilonia has decided to end its policy of not trading with the rest of the world. When it ends its trade restrictions, it discovers that it is importing incense, exporting steel, and neither importing nor exporting rugs. We can conclude that Aquilonia's new free-trade policy has
a. increased consumer surplus and producer surplus in the incense market. b. increased consumer surplus in the steel market and left producer surplus in the rug market unchanged. c. decreased consumer surplus in both the steel and rug markets. d. decreased consumer surplus in the steel market and increased total surplus in the incense market.
The North American Industry Classification System (NAICS) categorizes firms by:
A. market structure, ranking them from perfectly competitive to monopoly. B. market share, and groups firms with like market power. C. profits, since profits tend to be higher in more concentrated industries. D. type of economic activity, and groups firms with like production processes.
Why does an economy need a rationing mechanism?
A. because it preserves the power of the wealthy B. because it eliminates poverty C. because of scarcity D. All of these are correct.