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Total Liquid Liabilities (M3),the Broadest Measure of Money,is the Sum

Question 13

Multiple Choice

Total liquid liabilities (M3) ,the broadest measure of money,is the sum of:


A) currency in circulation outside banks plus demand deposits.
B) currency in circulation outside banks plus demand deposits plus time and saving deposits.
C) currency in circulation outside banks plus demand deposits plus time and saving deposits plus income taxes.
D) currency in circulation outside banks plus demand deposits plus time and savings deposits plus liabilities of specialized institutions.

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