Which one of the following is in M2,but not in M1?
A) Currency
B) Checking deposits
C) Small denomination time deposits
D) Travelers checks
Correct Answer:
Verified
Q121: Statement I: Until 1980 only commercial banks
Q122: Statement I: Banks require a minimum balance
Q123: The transactions demand for money is related
Q124: Under a fractional reserve banking system
A)a bank's
Q125: Interstate banking
A)used to be legal but is
Q127: The value of money varies
A)inversely with the
Q128: Money is NOT
A)a medium of exchange.
B)a standard
Q129: Which of the following is an advantage
Q130: Which is the most accurate statement?
A)The savings
Q131: About how many commercial banks are operating
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