M1 includes currency, travelers' checks, demand deposits, other checkable deposits, and small denomination time deposits.
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Q9: Those depending on Social Security payments are
Q10: If we were most interested in the
Q11: Inflation is a monetary phenomenon.
Q12: According to the text, inflation is a
Q13: Because government is a huge debtor, it
Q15: According to the quantity theory of money,
Q16: Money functions as a unit of account,
Q17: According to the equation of exchange, M
Q18: The effects of inflation will be more
Q19: When money functions as a unit of
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