Many economists believe that savings accounts should be added to M1 because they
a. are larger in size than conventional checking accounts.
b. pay larger interest than checking accounts.
c. can be transferred quickly into checkable accounts.
d. are also insured by the federal government.
c
Economics
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In the above figure, if we start at AD1 and SRAS1, and the money supply increases unexpectedly, what would be the long-run equilibrium?
A) E3 B) E1 C) P1 D) E2
Economics
Which of the following is true?
A) An outstanding credit card balance is an asset that adds to your personal wealth. B) Interest rates charged by credit card companies are generally high because the loans are unsecured. C) The power of compound interest benefits those with outstanding credit card balances. D) An unused balance on your credit card is like money in the bank.
Economics