Which of the following appears in M2 but not in M1?
A) Savings accounts.
B) NOW and ATS accounts.
C) Traveler's checks.
D) Credit union share drafts.
Correct Answer:
Verified
Q33: Which of the following is not included
Q34: NOW and ATS accounts are included in
A)M1
Q35: Suppose Oscar withdraws $100 from his checking
Q36: Currency in circulation is included in
A)M1 only.
B)M2
Q37: One of the essential functions a bank
Q39: Deposit creation occurs when
A)A bank lends money.
B)A
Q40: Suppose Jason takes $150 he had in
Q41: Initially a bank has a required reserve
Q42: Which of the following sets the legal
Q43: Suppose a bank has $500,000 in deposits
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