Present value analysis suggests that high-income earners
A. make a competitive real rate of return through Social Security.
B. can make an average real rate of return through Social Security only if they live to age 100.
C. cannot make an average real rate of return through Social Security even if they live past 100.
D. can make an average real rate of return through Social Security only if they live to age 65.
Answer: C
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In December 2009, currency outside of banks was $400 billion, traveler's checks were $5 billion; checkable deposits owned by individuals and businesses were $600 billion, saving deposits were $2,000 billion, time deposits were $1,500 billion; and
money market funds were $1,200 billion. What was the M2 in December 2009? A) M2 = $5,705 billion B) M2 = $3,705 billion C) M2 = $1,005 billion D) M2 = $2,505 billion E) M2 = $5,700 billion
The broadly-defined money supply in the U.S., called M2, differs from M1 primarily in its inclusion of
A) bonds of all sorts held by the public. B) outstanding charge-account balances. C) savings deposits in financial institutions. D) Treasury bills held by the public. E) credit cards.