Which is not an example of M1 money?
a. currency
b. a mutual fund
c. travelers' checks
d. a checking account
Answer: b. a mutual fund
Economics
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Under the IMF fixed exchange rate system, a nation running a balance of payments surplus would have an excess __________ its currency in the foreign exchange market and that nation's central bank would have to __________ some of its currency
A) supply of; buy B) supply of; sell C) demand for; buy D) demand for; sell
Economics
According to utility theory, a consumer is in equilibrium when:
a. total income is spent. b. marginal utility per dollar spent for a good is maximized. c. total utility per unit of a good is maximized. d. total utility per dollar spent is equal for all goods. e. marginal utility per dollar spent is equal for all goods.
Economics