Currency held in the vault of First National Bank is
A) counted as part of M1.
B) counted as part of M2 but not M1.
C) only counted as part of M1 if it was deposited into a checking account.
D) not counted as part of the money supply.
Correct Answer:
Verified
Q15: To say "money is what money does"
Q16: In the United States, the money supply
Q17: Currency (paper money plus coins) constitutes about
A)
Q18: Money functions as
A) a store of value.
B)
Q19: The paper money used in the United
Q21: Assuming no other changes, if checkable deposits
Q22: Coins held in commercial bank vaults are
A)
Q23: The amount of money reported as M2
A)
Q24: The largest component of the money supply
Q25: A $20 bill is a
A) gold certificate.
B)
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