M1 differs from M2 in that
A) M1 includes currency and balances held in chequing accounts,which are not included in M2.
B) M2 includes personal deposits and non-personal demand and notice deposits,which are not included in M1.
C) M2 includes small savings accounts,and money market mutual funds,which are not included in M1.
D) M1 is a broader measure of the money supply than M2.
E) the assets in M2 are more liquid than the assets in M1.
Correct Answer:
Verified
Q1: Money is
A) the same as income.
B) all
Q3: When money is used to purchase goods
Q4: Use the information in the table below
Q5: When money is used as a means
Q6: Use the information in the table below
Q7: The direct trade of goods and services
Q8: Money serves as a store of value
Q9: Using money as a _ avoids the
Q10: Holding money as a store of wealth
Q11: Money serves as a unit of account
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