All of the following are nontransaction deposits EXCEPT
A) savings accounts.
B) small-denomination time deposits.
C) checkable deposits.
D) certificates of deposit.
C
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If you withdraw currency from your checking account for cash, you are
A) increasing M1, decreasing M2. B) increasing both M1 and M2. C) decreasing both M1 and M2. D) not affecting M1 or M2. E) increasing M1 but not affecting M2.
In the market for loanable funds, the equilibrium interest rate is determined by the intersection of:
a. the downward-sloping supply curve for loanable funds and the upward-sloping demand curve for loanable funds. b. the upward-sloping supply curve for loanable funds and the downward-sloping demand curve for loanable funds. c. the downward-sloping supply curve of loanable funds and the horizontal demand curve for loanable funds. d. the downward-sloping supply curve of loanable funds and the vertical demand curve for loanable funds. e. the upward-sloping supply curve for loanable funds and the horizontal demand curve for loanable funds.