The difference between M1 and M2 is that
A) the former includes time deposits.
B) the latter includes small-denominated time deposits, noncheckable savings accounts, money market deposit accounts, and money market mutual fund balances.
C) the latter includes negotiable government bonds.
D) the latter includes cash held by commercial banks and the U.S.Treasury.
Correct Answer:
Verified
Q22: Coins held in commercial bank vaults are
A)
Q23: Currency held in bank vaults The M2
Q25: Small-denominated time deposits, by definition
A)mature in one
Q27: Currency held in bank vaults The M1
Q29: Currency held in bank vaults Which of
Q30: Paper money (currency) in the United States
Q31: Near monies
A)include all financial and real assets
Q33: Suppose that the federal government suddenly declared
Q37: The near-money components of M2 are
A) equally
Q54: If the price index rises from 200
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