Deposits in passbook savings accounts at an S&L are
A) not counted as money since they are not held at commercial banks
B) included in M1 but not in M2
C) included in M1 and in M2
D) not included in M1 but included in M2
E) not included in M1 or M2, since they are not demand deposits
Correct Answer:
Verified
Q1: Any item can function as a medium
Q2: Which of the following is NOT an
Q3: From the Baumol-Tobin transaction demand model, we
Q4: The proportion of money held as a
Q5: The liquidity of an asset is determined
Q7: The Baumol-Tobin square-root formula predicts that the
Q8: The monetary aggregate M2 is defined as
A)currency
Q9: The Baumol-Tobin square-root formula predicts that if
Q10: The introduction of NOW-accounts (interest-earning checking accounts)
Q11: An asset (other than money) is considered
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