Demand deposits are classified as money, because:
A) they sometimes earn interest for the depositor.
B) they are generally acceptable in the payment of debt.
C) banks hold currency equal to their value.
D) they are not classified as liabilities of banks.
Correct Answer:
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Q75: Q76: Q77: Cash in the vault of commercial banks Q78: Use the notations of M as money Q79: Use the notations of M as money Q81: M1 differs from M2 in that: Q82: The definition of M1 does not include Q83: The M1 measure of money consists of Q84: In 2008, the supply of money (M1B) Q85: If Marc withdraws $100 from his chequable
A) M1
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