Which of the following is NOT included in the M1 money supply?
A) currency B) passbook savings accounts
C) traveler's checks D) checkable and debitable accounts
B
You might also like to view...
The invisible hand suggests that:
A) individuals working for self-interest will eventually maximize the well-being of society. B) equilibrium in a competitive market is determined independent of demand and supply. C) government intervention is necessary to rectify market imperfections. D) the price mechanism allocates resources only to the people with high income in the country.
If the federal government implements programs so that the unemployed are more quickly matched with jobs, then
A) the natural rate of unemployment will decrease. B) the natural rate of unemployment could either increase or decrease. C) the natural rate of unemployment will not change. D) the natural rate of unemployment will increase.