Sophia receives a $400 gift card for her campus bookstore from her parents. Which of the following is true regarding the $400 gift card?
A) It is counted only in M1.
B) It is included in both M1 and M2.
C) It is counted in only M2.
D) Stored-value cards are not counted in either M1 or M2.
Correct Answer:
Verified
Q47: The amount of currency in the hands
Q48: An automobile is an asset, but it
Q49: The money aggregate M1 includes each of
Q50: Considering the roughly $1.35 trillion in U.S.
Q51: To say an asset is liquid implies
Q53: The money aggregate M2 includes:
A) large denomination
Q54: The most commonly quoted monetary aggregate is:
A)
Q55: M1 is:
A) a more useful measure of
Q56: Which of the following assets is least
Q57: M1 is:
A) about 17% of GDP.
B) equal
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