The chief difference between the M1 and M2 measures of the money supply is:
A. M2 includes assets with a lower liquidity than those in M1.
B. M1 is a broader, more comprehensive measure.
C. the supply of M1 exceeds the supply of M2.
D. M2 excludes currency.
Answer: A
You might also like to view...
The buyer of a derivative is _______ assuming risk relative to the seller.
A. more comfortable B. less comfortable C. just as comfortable D. less open to
Among the factors contributing to externally induced cycles are all of the following except
a. changes in international exchange rates b. clustering of innovations c. the interaction of the multiplier and accelerator d. changes in consumer confidence e. population booms
Which of the following makes long-term low-interest loans to LDCs?
a. International Monetary Fund (IMF) b. Agency for International Development (AID) c. World Bank d. New International Economic Order (NIEO)
For a minimum wage to have any impact on a labor market, it must be set at a level
A. Higher than the equilibrium wage. B. Higher than MPP. C. Consistent with economic growth. D. Higher than MRP.