Of the following,which is not included in the narrowest definition of money,M1
A) coins in the hands of the nonbank public
B) currency in the hands of the nonbank public
C) gold and silver
D) traveler's checks
E) checkable deposits
Correct Answer:
Verified
Q1: Which of the following is not true
Q15: Which of the following are included in
Q16: The M1 money supply is defined as
A)one-dollar
Q18: Which of the following is not legal
Q19: The M1 money supply consists of
A)coins and
Q21: Currently,M2 is approximately
A)equal to M1
B)twice the size
Q22: Banks earn a profit on the difference
Q24: Banks create money when they accept deposits.
Q25: The largest component of M1 is
A)currency
B)checkable deposits
C)traveler's
Q122: Banks create money when they make loans.
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