Which of the following are included in the M2 definition of money?
A) currency outside of banks and checkable deposits
B) currency outside of banks and credit lines on credit cards
C) time deposits and the value of prime grade bonds
D) currency both inside and outside of banks
E) currency inside of banks and banks' reserves
A
Economics
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If we look at the federal government budget over the past 40 years we see that
A) most years the government budget has been balanced. B) the government has been running a budget deficit since 1997. C) only occasionally has the budget been in deficit. D) most years the budget balance has not been calculated. E) most years the budget has been in deficit.
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The net benefits that a nation receives from trade are called its gains from trade.
a. true b. false
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