Which of the following statements about M1 and M2 is not true?
A) Current accounts are part of M1.
B) M2 is more liquid than M1.
C) M2 is larger than M1.
D) Savings accounts are part of M2.
Correct Answer:
Verified
Q1: For something to satisfy the medium of
Q11: Debit card
A)is money since it can be
Q17: The use of money is more efficient
Q18: A system in which people trade goods
Q19: Cigarettes were used as money among the
Q24: Between 1992 and 2002,Mr.Junius Morgan's real income
Q24: Money demand is given by Md/P =
Q32: If the income elasticity of money demand
Q67: If there is a financial panic and
Q76: Over time,the wealth of society increases and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents