In defining the money supply (M1), economists exclude savings deposits because
a. the purchasing power of savings deposits is much less stable than that of checkable deposits and currency.
b. savings deposits are a form of investment and, thus, a better store of value than money.
c. savings deposits are liabilities of commercial banks, whereas checkable deposits are assets of the banks.
d. savings deposits are not generally used as a means of payment.
D
Economics
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A surplus exists
A) in equilibrium. B) when quantity supplied is greater than quantity demanded. C) when quantity supplied is less that quantity demanded. D) at the market clearing price.
Economics
According to the U.S. Bureau of Labor Statistics, the term “employed” includes all full time workers and part-time workers.
Answer the following statement true (T) or false (F)
Economics