Checkable deposits are:
a. included in both M1 and M2
b. included in M1 but not M2.
c. included in M2 but not M1.
d. not included in either M1 or M2.
a
Economics
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An open economy is a national economy that
A) doesn't interact economically with the rest of the world. B) has a stock market that is open to traders from anywhere in the world. C) has extensive trading and financial relationships with other national economies. D) has established diplomatic relations with most other national economies.
Economics
A debt instrument represents
A) an ownership claim by the purchaser on the issuer. B) a promise by a borrower to repay principal plus interest to a lender. C) an attempt by a borrower in default to restore his or her credit. D) a nontaxable asset, owned primarily by large corporations.
Economics