Which of these meets the M2 definition of money, but not the M1 definition of money?

a. traveler’s checks
b. savings deposits
c. currency
d. demand deposits


b. savings deposits

Economics

You might also like to view...

The Car Allowance Rebate System (CARS)

a. was launched as a stimulus program by the Reagan administration b. was introduced under the Consumer Assistance to Recycle and Save Act of 2009 c. is currently available to purchasers of plug-in hybrids d. was the first-ever Vehicle Accelerated Vehicles Retirement (VAVR) program

Economics

If a state requires all drivers to purchase auto insurance, insurance companies still face the problem of

A) sunk costs. B) excess demand for their insurance. C) correctly pricing their insurance. D) adverse selection.

Economics

Uncertainty about interest-rate movements and returns is called

A) market potential. B) interest-rate irregularities. C) interest-rate risk. D) financial creativity.

Economics

If the game is played for 10 years, the Nash equilibrium will be

a. Low, Low b. Low, High c. High, Low d. High, High

Economics