The M1 measure of money consists of the sum of:
A) currency, cheque account deposits and travellers' cheques
B) currency and travellers' cheques
C) currency, cheque account deposits and savings account deposits
D) cheque account deposits and travellers' cheques
Correct Answer:
Verified
Q17: An independent RBA has minimised the level
Q18: If the currency to deposit ratio falls,
Q19: The gold standard is used as the
Q20: In the absence of money, people would
Q21: There is a _:
A)short-run trade-off between prices
Q23: If the reserve requirement is increased to
Q24: If the reserve ratio is 10 per
Q25: The value of money:
A)increases when prices rise
B)increases
Q26: If the RBA purchased government securities, then:
A)the
Q27: If the reserve ratio is 20 per
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