What are the components of M2?
What will be an ideal response?
money market mutual funds; deposits in savings accounts; small time-deposits; M1
Economics
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Dollar bills in the modern economy serve as money because
A) they are backed by the gold stored in Fort Knox. B) they can be redeemed for gold by the central bank. C) they have value as a commodity independent of their use as money. D) people have confidence that others will accept them as money.
Economics
Five million people working in the manufacturing sector in the United States have lost their jobs between 2000 and 2015, but as of 2013 affiliates of foreign multinationals employed more than 6 million workers in the United States.
Answer the following statement true (T) or false (F)
Economics