By definition, M1 includes
a. savings accounts
b. money market mutual accounts
c. repurchase agreements
d. small denomination time deposits
e. travelers' checks
E
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A decrease in the demand for eggs due to changes in consumer tastes, accompanied by a decrease in the supply of eggs as a result of an outbreak of Avian flu, will result in
A) a decrease in the equilibrium price of eggs and no change in the equilibrium quantity. B) a decrease in the equilibrium price of eggs; the equilibrium quantity may increase or decrease. C) a decrease in the equilibrium quantity of eggs; the equilibrium price may increase or decrease. D) a decrease in the equilibrium quantity of eggs and no change in the equilibrium price.
If a product which costs $8 is sold at $10, the profit margin is
A) $2. B) 25%. C) 20%. D) None of the above