The largest proportion of M1 is made up of
A) currency.
B) checking account deposits.
C) traveler's checks.
D) savings account deposits.
E) time deposits.
Answer: B
Economics
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Value added equals the market price of the firm's product minus
A) the price of intermediate goods. B) wages and salaries. C) the price of all factors of production. D) depreciation on plant and equipment.
Economics
Why did some of the formerly Communist countries of Eastern Europe have inflation rates over 100%, while others didn't? Which factor was more important in explaining the differing inflation rates, real money demand or nominal money supply? Why did
the countries with high inflation rates allow inflation to get so high?
Economics