M1 consists primarily of cash in the hands of the public and:
A. savings account balances.
B. certificates of deposit.
C. commercial paper.
D. checking account deposits.
Answer: D
You might also like to view...
Greenaqua Corp . was given the exclusive right to produce and sell its newly introduced water purifier for 20 years. The right granted to Greenaqua is an example of a:
A) patent. B) blueprint. C) copyright. D) trademark.
If the top personal tax rate is higher than the top corporate rate, high income taxpayers have an incentive to _____
a. incorporate b. save c. engage in tax evasion d. purchase stock
A couple refuses to mow their lawn. Their neighbors take them to court, arguing using the logic of economic theory that
a. property rights are poorly defined because externalities exist b. they are free riders and entitled to the value of the externalities c. although there are no third parties because property rights are clear, the market still generates market failure d. although property rights are clear, there are still externalities that should be considered e. market failure can be avoided if the couple sells their property to any of the neighbors
An expenditure schedule model with no government sector shows the relationship between
a. C and national product. b. C and disposable income. c. C + I and national income. d. GDP and disposable income.