Since World War II,the M1 (narrowly defined) money supply has
A) decreased steadily.
B) remained unchanged on balance but differed from year to year.
C) increased at a constant yearly rate.
D) increased at an average rate of 5 to 10 percent per year.
E) increased at an average yearly rate of above 10 percent.
Correct Answer:
Verified
Q14: To ensure the acceptability of money,a government
Q15: Currency in the United States is
A) convertible
Q16: The need for barter is eliminated when
Q17: The basic requirement of money is that
Q18: Our money supply,narrowly defined,consists of
A) currency, checking
Q20: The sum of coins,currency,and checkable deposits is
Q21: A primary function of investment bankers is
Q22: The basic distinction between M1 and M2
Q23: Banks make their profits mainly by
A) charging
Q24: Demand deposits in a commercial bank are
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