As of December 2010+, the largest single component of M2 consists of
a. checkable deposits at banks.
b. cash, coins, and other currency.
c. savings deposits.
d. gold and silver in commodity accounts.
c
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The real exchange rate is:
A) how much of a foreign currency you can buy with the domestic currency. B) foreign CPI divided by the domestic CPI. C) the price of foreign goods in terms of domestic goods. D) the price of foreign goods in dollars. E) the domestic currency divided by the price level.
A key point made by the Gordon-Growth model is that the
A) value of a stock depends on investor's expectations about the future profitability of a firm. B) past trends in a stock's behavior indicate future price trends. C) dividends have little to do with a stock's value. D) risk has little effect on a stock's value.
In the classical model with an open economy, an increase in government purchases may not cause complete crowding out, but crowding out will be complete worldwide
a. True b. False
The northwest boundary of the set of all portfolios is
a. the portfolio that maximizes return. b. the efficient set. c. the efficient portfolio. d. the portfolio that minimizes risk.