In defining money as M1, economists exclude time deposits because
A) they have no intrinsic value.
B) they do not directly serve as a medium of exchange.
C) they are not recognized as legal tender.
D) they earn an interest for their holders.
Correct Answer:
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Q191: Currency consists of
A) only coins minted by
Q192: An interest-earning account that can be withdrawn
Q193: The M1 definition of the money supply
Q194: Small-denomination time deposits are less than
A) $1
Q195: If the transactions approach to measuring money
Q197: U.S. paper currency is issued by the
A)
Q198: Which of the following is NOT included
Q199: Which of the following is a time
Q200: An account issued by banks yielding a
Q201: Which one of the following is included
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