Wage and property income before transfers and taxes is known as market income.

Which approach to measuring money focuses on the value of currency, transaction deposits, and travelers checks?

A) near moneys B) the liquidity approach C) M2 D) the transactions approach

Refer to Table 9-3. If the required reserve ratio is 10%, what is the maximum amount of new loans that Alpha-Beta can create?

A) $25 million B) $40 million C) $60 million D) $75 million