The narrowest definition of the money supply (M1) includes
A. cash and travelers’ checks.
B. cash, travelers’ checks, and savings account balances.
C. cash, checking account balances, and travelers’ checks.
D. cash, bank deposits, and money market accounts.
Answer: C
You might also like to view...
Supply curves
A) slope upward. B) slope downward. C) are horizontal. D) can have many shapes.
Discrimination occurs when someone is denied employment on the basis of some non-economic factor such as race, religion, or gender
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT a commitment device?
A. A pre-nuptial agreement that provides for a large penalty in the event a spouse has an affair. B. A non-refundable advance payment to reserve a room at a resort. C. High fines for illegal parking on campus. D. A manufacturer's 2-year agreement to fix, at no cost to you, anything that breaks on your computer.
The net benefits a nation receives from free trade are called the costs of trade.
a. true b. false