Which of the following is FALSE?
A) Balances in money market deposit accounts are included in M2 but not in M1.
B) Currency in circulation is included in M1 but not in M2.
C) Checkable deposits are included in M1 and in M2.
D) The Federal Reserve System is the U.S. central bank.
Correct Answer:
Verified
Q60: Digital cash
A) consists of M1 and M2
B)
Q61: Smart cards and digital cash
A) cannot serve
Q62: Which of the following is FALSE?
A) The
Q63: Which of the following is FALSE?
A) Banks
Q64: Which of the following is FALSE?
A) All
Q66: Without money, exchange is conducted by _
Q67: Barter requires a _ of wants.
Q68: Money promotes efficiency in an economy by
Q69: The Federal _ System is the U.
Q70: Money is an asset that serves as
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