The M2 measure of money consists of the sum of:
A) savings deposits, small time deposits, and money market mutual funds.
B) currency, checking and savings deposits, and small time deposits.
C) currency, checking and savings deposits.
D) M1, savings deposits, small time deposits, and money market mutual funds.
Correct Answer:
Verified
Q18: Finding both parties to a trade who
Q19: The main disadvantage of using money as
Q20: Money serves as a unit of account
Q21: Commercial banks create new money:
A)when they increase
Q22: Liabilities of the commercial banking system include:
A)reserves
Q24: When the actual reserve-deposit ratio exceeds the
Q25: In a fractional-reserve banking system the reserve/deposit
Q26: There is $5,000,000 of currency in Econland,
Q27: Savings deposits are _ the M1 measure
Q28: The reserve-deposit ratio equals:
A)10 percent of bank
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