Which of the following is included in M2,but not in M1?
A) currency (outside the Bank of Canada and the vaults of depository institutions)
B) travelers' cheques
C) demand deposits
D) personal savings deposits
E) nonpersonal notice deposits
Correct Answer:
Verified
Q7: Nominal bonds can be issued by
A) government,
Q8: The two most common types of money
Q9: The most narrowly defined monetary aggregate is
A)
Q10: Barter,the exchange of goods for goods,relates to
A)
Q11: The most distinguishing economic feature of money
Q13: Buying an item with cash would be
Q14: Price tags attached to goods for purchase
Q15: Neutrality of money refers to
A) a certain
Q16: The quantity of money in circulation is
Q17: Use of money to save up for
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