All of the following are true about the basic money supply except:
A. It includes credit card balances.
B. It includes currency held by the public.
C. It includes money kept in transactions accounts.
D. It is known as M1.
A. It includes credit card balances.
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The reduction in transactions costs per dollar of investment as the size of transactions increases is
A) discounting. B) economies of scale. C) economies of trade. D) diversification.
Compared to England, the 19th century American manufacturing labor force was:
a. less likely to unionize. b. less mobile. c. less accepting of technological change in the workplace. d. less productive.
Most statistical studies on the relationship between real interest rates and saving conclude that higher real interest rates
a. increase saving. b. tend to decrease saving. c. tend to decrease both consumption and saving. d. have no effect on saving.
What is the Federal funds rate and how does the Fed target it?
What will be an ideal response?