Which of the following are included in the M3 definition of money?
A) Currency outside of banks and credit lines on credit cards
B) Currency inside of banks and banks' reserves
C) Currency both inside and outside of banks
D) Currency outside of banks, current account deposits and other deposits
E) Government bonds
Correct Answer:
Verified
Q19: Fiat money means
A) that the money can
Q20: Credit cards are
i. a generally accepted form
Q21: A bank's desired reserve ratio is
A) the
Q22: A public authority that provides banking services
Q23: The monetary base consists of
A) gold and
Q25: A bank has $200 of reserves and
Q26: Riley deposits $4,000 cash in her cheque
Q27: The Board of the Reserve Bank of
Q28: Assume the First Bank of Townsville makes
Q29: Which of the following are examples of
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