The distinction between M1 and M2 is based on
A) portability-the ease with which an asset can be moved.
B) divisibility-the ease with which an asset can be used to make smaller payments.
C) liquidity-the ease with which an asset can be converted into cash.
D) storability-how long an asset will retain its value.
Correct Answer:
Verified
Q98: Paper money has been in use since
Q99: The official definition of the money supply
Q100: Which of the following observations is not
Q101: Which of the following is included in
Q102: Which of the following is not included
Q104: The narrowest definition of the money supply,
Q105: Identify the basis on which you measure
Q106: Why are checking account balances included in
Q107: In which of the following monetary aggregates
Q108: Credit cards are
A)included in M1 but not
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