M2 includes M1 plus
A) currency in circulation, checking account deposits in banks, and holdings of traveler's checks.
B) savings account balances, money market deposit accounts in banks, small-denomination time deposits, and noninstitutional money market fund shares.
C) checking account deposits, large-denomination time deposits, and noninstitutional money market fund shares.
D) currency in circulation, savings account balances, and small-denomination time deposits.
Answer: B
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The decision about how much money to hold is an application of the:
A. cost-benefit principle. B. scarcity principle. C. principle of comparative advantage. D. equilibrium principle.
If an import quota is imposed on imports of shrimp into the United States, U.S. consumer surplus from shrimp will ________ and U.S. total surplus from shrimp will ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease E) increase; not change
The above table shows the distribution of wealth and income in Miseria. Ninety-five percent of the wealth is owned by what percent of the population?
A) 20 percent B) 40 percent C) 60 percent D) 95 percent
Exchange rate crises are only associated with fixed exchange rate systems
Indicate whether the statement is true or false