M2 includes:
a. Any financial assets that can be spent on real goods and services.
b. Checking accounts plus Deposits at the central bank.
c. Currency in circulation + Reserves of financial intermediaries (e.g., banks) + Checking Accounts + Near Money.
d. Currency in circulation + Checking Accounts
e. Currency in circulation + Checking Accounts + Near Money.
.E
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A firm's value added can be measured as the value of its
A) profits. B) total sales. C) total sales, less purchases from other firms. D) purchases of inputs from other firms.
At the moment, the Federal Reserve keeps the discount rate above the fed funds rate. In so doing, they are
A) discouraging commercial banks from borrowing from the Fed. B) encouraging commercial banks to borrow from each other. C) doing both A and B. D) doing none of the above.