Solved

M1 Does Not Include Cash That Is Held in ATMs

Question 38

Multiple Choice

M1 does not include cash that is held in ATMs or bank vaults,because ________.


A) no one really owns that money
B) that money is included in M2
C) that money earns no interest
D) the right to access that money is counted already as bank deposits
E) none of the above

Correct Answer:

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