Many economists believe that savings accounts should be added to M₁ because they
A) are larger in size than conventional checking accounts.
B) pay larger interest than checking accounts.
C) can be transferred quickly into checkable accounts.
D) are also insured by the federal government.
Correct Answer:
Verified
Q4: Are funds available on a credit card
Q104: The M2 definition of the money supply
Q106: In which of the following monetary aggregates
Q109: Which of the following are not included
Q110: The distinction between M₁ and M2 is
Q112: A "near money" is an asset that
Q114: Liquidity can be defined as the
A)cash value
Q116: Money market mutual funds are accounts that
Q118: A principal disadvantage of conventional checking accounts
Q135: According to the convention followed in the
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