The M1 money supply consists of
A) coins and currency held by the nonbank public
B) coins and currency held by the nonbank public and currency held in banks
C) coins and currency held by the nonbank public,checkable deposits,and traveler's checks
D) coins and currency held in banks and checkable deposits
E) paper currency
Correct Answer:
Verified
Q1: Which of the following is not true
Q14: Currency held by banks is not included
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
Q20: Of the following,which is not included in
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.
Q122: Banks create money when they make loans.
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