M1 is usually larger than M2
Indicate whether the statement is true or false
FALSE
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Use the following table to answer the next question. ItemBillions of DollarsCheckable deposits$597Small time deposits818Currency639Money-market mutual funds held by businesses1,045Savings deposits, including money-market deposit accounts2,866Money-market mutual funds held by individuals979The value of the money included in M2 but not counted in M1 is
A. $4,663 billion. B. $4,442 billion. C. $1,457 billion. D. $2,886 billion.
M1 includes currency, checkable deposits, traveler's checks, and savings deposits
a. True b. False Indicate whether the statement is true or false
The Bush tax cuts of 2001-2010 contained incentives for
A. Savings only. B. Work, education, and savings. C. Education and savings only. D. Work only.
The role of the entrepreneur in society is to:
a. Bring the factors of production together and take the risks of producing b. Control the land upon which all production takes place to get the most rent c. Provide capital to the firm which the management combines with labor d. Work with other elected officials to determine what goods are produced