For a small-denomination certificate of deposit to be included in M2 it must be a denomination of less than
A) $1,000. B) $100,000. C) $1,000,000. D) $10,000.
B
Economics
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A key causal link in the interest-rate-based transmission mechanism for monetary policy is from
A) investment to the interest rate. B) the money supply to excess reserves. C) a monetary policy action to excess reserves. D) real GDP to investment.
Economics
A perfectly elastic supply curve is
A) an upward sloping straight line that intersects the origin. B) horizontal. C) vertical. D) downward sloping.
Economics