The distinction between M1 and M2 is based on
a. portability-the ease with which an asset can be moved.
b. divisibility-the ease with which an asset can be used to make smaller payments.
c. liquidity-the ease with which an asset can be converted into cash.
d. storability-how long an asset will retain its value.
c
Economics
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Keynes believed that changes in autonomous spending were dominated by unstable fluctuations in ________, which are influenced by emotional waves of optimism and pessimism—factors he referred to as "animal spirits."
A) unplanned investment spending B) actual investment spending C) planned investment spending D) autonomous consumer expenditures
Economics
Trying to project total federal revenues and outlays over the next 50 years represents educated guesses at best
a. True b. False
Economics