The M1 measure of money consists of the sum of
A) currency and demand deposits.
B) currency and travellers' cheques.
C) currency,demand deposits,and savings deposits.
D) demand deposits and travellers' cheques.
E) demand and savings deposits.
Correct Answer:
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Q25: Based on the following information,calculate the value
Q26: In Macroland,there is $10,000,000 in currency.The public
Q27: If the reserve-deposit ratio is less than
Q28: Bank reserves are
A) currency and customer chequing
Q29: When bank reserves exactly equal bank deposits,the
Q31: Commodity money refers to
A) gold.
B) silver.
C) fiat
Q32: In Macroland,there is $2,000,000 in currency.The public
Q33: The desired reserve-deposit ratio is equal
A) 10%
Q34: In Econland,all $5,000,000 in currency is held
Q35: The M2 measure of money consists of
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