US M1 money includes:
A) currency held by the public.
B) checkable deposits.
C) traveler's checks.
D) all of the above.
Correct Answer:
Verified
Q7: High powered money is:
A)money held by business
Q8: Commodity money is money that has value
Q9: If a person holds one dollar and
Q10: Fiat money is money that has value
Q11: The neutrality of money means that one
Q13: US M2 money includes:
A)currency, time deposits government
Q14: If the interest rate increases, then the
Q15: When households reduce their average money balances,
Q16: US M2 money includes:
A)currency.
B)demand deposits
C)small time deposits.
D)all
Q17: If the money supply grows faster than
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