Which of the following statements is true?
A) Savings deposits are a part of M2,but not M1.
B) M1 is sometimes referred to as the "broad definition of the money supply".
C) Time deposits are a part of M1,but not M2.
D) M1 is a larger dollar amount than M2.
Correct Answer:
Verified
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Q46: Required reserves are the amount of
A) reserves
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Q48: M1 is comprised of currency held outside
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Q52: A savings deposit is a type of
A)
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A) sheriffs.
B) goldsmiths.
C) clergy.
D)
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