M2 is
A) smaller than M1.
B) larger than M1.
C) equal to M1, given full employment.
D) equal to M1, but only when all three functions of money apply.
B
Economics
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When a bank borrows from the Federal Reserve the bank
A) receives a new deposit of legal reserves at the Federal Reserve. B) creates a new checkable deposit payable to the Federal Reserve. C) normally will do so because it has excess reserves. D) loses reserves equal to the amount of the loan.
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Which of the following has not been used by the US government to limit overfishing in US waters?
a. laws to limit the total catch b. laws to limit the size of fish caught c. price floors on fish d. limits to the length of the fishing season e. limits to the types of fishing equipment used
Economics