The M1 definition of the money supply includes:
a. currency in circulation and checkable deposits.
b. Federal Reserve Notes, gold certificates, and checkable deposits.
c. Federal Reserve Notes and bank loans.
d. None of these.
a
Economics
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A major problem under the gold standard was the inability to adjust the money supply to economic expansion
a. true b. false
Economics
When Americans increase their demand for Japanese goods,
A) the supply of dollars will fall, and the demand for yen will fall. B) the supply of dollars will rise, and the demand for yen will rise. C) the demand for dollars will fall, and the demand for yen will rise. D) the demand for dollars will rise, and the demand for yen will rise.
Economics