Which of the following is NOT included in the M1 definition of money?
A) Currency held outside banks
B) Term deposits
C) Current deposits at banks
D) Traveller's cheques
Correct Answer:
Verified
Q49: Money is
A)equivalent to barter.
B)a means of payment.
C)currency
Q50: If an economy has no money, then
Q51: Modern Australian commercial banks perform all of
Q52: If an economy tried to use bananas
Q53: Which of the following is a liability
Q55: Which of the following is an asset
Q56: The quantity of real money demanded is
A)negatively
Q57: Suppose a bank has a desired reserve
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