M2 includes
A. just cash held by the public.
B. currency, checkable accounts, traveler's checks, small CDs, and money market accounts.
C. currency plus checkable accounts and traveler's checks.
D. cash held by banks and by the public plus deposits at the Federal Reserve.
Answer: B
You might also like to view...
Jamal earns $160,000 per year and Josephina earns $80,000 per year. They both pay the same price to buy the identical automobile and each pays $1,600 in sales tax. In relation to their relative incomes, this is an example of a
A) regressive tax. B) progressive tax. C) proportional tax. D) marginal tax.
An annually budgeted budget can only be met if automatic stabilizers are effective
a. True b. False Indicate whether the statement is true or false
External costs are those costs:
A. that fall directly on an economic decision maker. B. that fall indirectly on an economic decision maker. C. that are imposed without compensation on someone other than the person who caused them. D. that are both social costs and private costs.
The profitability of an investment project will decrease if
a. tax rates decrease. b. real interest rates increase. c. real interest rates decrease. d. business tax deductions increase.