M1 includes savings deposits
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Everything else held constant, if the sum of the required reserve ratio and the excess reserve ratio is greater than one, an increase in the currency-deposit ratio causes the M1 money multiplier to ________ and the money supply to ________
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
The national debt is the
a. result of previous budget deficits. b. result of rising interest rates. c. result of previous budget surpluses. d. result of efficient balancing.
The statement, "If a deal is too good to be true, then it probably is not true," is most closely related to which core economic principle?
A. The Cost-Benefit Principle B. The No-Cash-on-the-Table Principle C. The Scarcity Principle D. The Low-Hanging Fruit principle
A country's nominal exchange rate, e, is defined as the number of units of:
A. the foreign currency that one unit of the domestic currency will buy. B. foreign goods relative to the number of units of domestic goods. C. the domestic currency that one unit of the foreign currency will buy. D. domestic goods relative to the number of units of foreign goods.