Refer to the above table. If the product price increases from $3 to $4, then at the wage rate of $15, the firm will hire:

What is one reason a gift card might be less desirable than cash?

A) A gift card requires an individual to purchase from a particular store, which restricts the choice set. B) Cash requires an individual to purchase from a particular country, which restricts the choice set. C) Cash and the gift card are equally desirable, there is no problem here. D) Gift cards are easier to steal or lose relative to cash.

Which of the following is not included in the M1 category?

a. Currency b. Checkable deposits c. Traveler's checks d. Savings deposits