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An Official Measure of Money in Australia Is M1,which Includes

Question 29

Multiple Choice

An official measure of money in Australia is M1,which includes the sum of


A) currency plus credit card transactions.
B) currency plus traveller's cheques plus cheque account deposits plus small time deposits plus money market funds and other deposits.
C) currency plus traveller's cheques plus time deposits.
D) currency plus current account deposits.
E) current account deposits plus small time deposits.

Correct Answer:

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