The major factor distinguishing M1 from M2 is:
a. Legal tender status.
b. Liquidity.
c. Whether or not the financial asset is backed by gold, silver, or some other precious metal.
d. Whether or not the financial asset can be turned into a precious metal quickly and without substantial loss of value.
e. All of the above are important distinguishing factors.
.B
Economics
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Part of the controversy about Fed independence include(s)
A. the goal to bring all macroeconomic policy under the direct control of the president. B. the appropriate role of the Fed in policy making. C. how to make the Fed more powerful than other central banks. D. All of the above are correct.
Economics
The basic conservative solution to welfare dependency is _____________________.
Fill in the blank(s) with the appropriate word(s).
Economics