Which of the following is included in the M1 definition of money?
A. Reserves
B. Checking accounts
C. Savings and money market accounts
D. Time deposits
Answer: B
You might also like to view...
In the money market, an excess supply of money is equivalent to an excess supply of bonds
Indicate whether the statement is true or false
The Dodd-Frank Act removed which group from decisions regarding the presidents of Federal Reserve Banks?
A) Class A directors B) Class B directors C) Class C directors D) Board of Governors
A shock that could trigger an expansion is a
a. large increase in oil prices b. financial crisis c. sudden cutback in military spending d. large decrease in oil prices e. sudden increase in the interest rate
The term business cycle implies that economic fluctuations follow a regular, predictable pattern
a. True b. False Indicate whether the statement is true or false