Which of the following is not included in M1?
a. currency
b. demand deposits
c. traveler's checks
d. credit cards
d
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Many economists believe
A) the Fed could have reduced the severity of the Great Depression by raising interest rates. B) the Fed could have reduced the severity of the Great Depression by encouraging banks to make fewer loans to insolvent businesses. C) bank failures increased the severity of the Great Depression. D) the severity of the Great Depression and the policies of the Fed were unrelated.
Profit maximization depends upon demand conditions, as well as upon productivity and costs
a. True b. False
All of the following are true about electronic funds transfers except:
A. sometimes involve the Federal Reserve sending electronic images of checks to banks. B. include automated clearinghouse transactions (ACH). C. include credit card payments made online. D. occur when banks or individuals deposit/withdraw from one bank account to another electronically.
The real interest rate is
A. the nominal interest rate plus the GDP deflator. B. the nominal interest rate minus the anticipated inflation rate. C. the nominal interest rate plus a COLA. D. the nominal interest rate plus the anticipated inflation rate.