201Exam2-Fall 2017 -ord References Mailings Review View Tell me what you want to

Question

201Exam2-Fall 2017 -ord References Mailings Review View Tell me what you want to do 13) An official measure of money in the United States is MI, which inchudes the sum of A) checkable deposits plus small time deposits. B) currency plus checkable deposits. C) currency plus credit card transactions D) currency plus traveler's checks plus time deposits E) currency plus traveler's checks plus checkable deposits plus small time deposits plus money market funds and other deposits. 14) Which of the following are included in the M1 definition of money? A) currency and checkable deposits B) currency and savings deposits C) traveler's checks and money market mutual funds D) currency and small time deposits E) traveler's checks and savings deposits 15) Which of the follorwing is NOI a component of MI? A) demand deposits B) travelers checks C) savings deposits Di currency E) Both anstwers C and D are correct 16) When Maria deposits $100 in currency in her checkable deposit at Bank of Ames

Explanation / Answer

13.

B

M1 money includes currency and checkable deposits in the economy.

14.

A

Currency and checkable deposits constitute the formation of M1 money in the economy.

15.

C

Saving deposits are the part of M2 money.

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