Which one of the following is part of the M2 definition of the money supply, but not part of M1?
a. Checkable deposits.
b. Currency held in banks.
c. Currency in circulation.
d. Small time deposits of less than $100,000.
d
Economics
You might also like to view...
Suppose that Canada decides to peg its dollar ($C, or the loonie) to the U.S. dollar at an exchange rate of $C1 = $US1. Now suppose that the increase in the price of oil in the second half of 2007 causes the IS curve in the United States to shift to the left. If all other things remain unchanged, what will happen to U.S. interest rates?
A) They will rise. B) They will fall. C) They will not change. D) They will rise dramatically.
Economics
From the economic point of view, profit is
A) a four-letter word. B) the same as loss. C) the result of uncertainty. D) a sign of economic injustice. E) none of the above.
Economics