The definition of M1 does not include saving deposits because:
A) their amount is so small.
B) they are not widely used as medium of exchange.
C) they have no intrinsic value.
D) their purchasing power fluctuates.
Correct Answer:
Verified
Q77: Cash in the vault of commercial banks
Q78: Use the notations of M as money
Q79: Use the notations of M as money
Q80: Demand deposits are classified as money, because:
A)
Q81: M1 differs from M2 in that:
A) M1
Q83: The M1 measure of money consists of
Q84: In 2008, the supply of money (M1B)
Q85: If Marc withdraws $100 from his chequable
Q86: Identify below which is not a measure
Q87: Which of the following statements is false?
A)
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