Multiple Choice
The most important difference between M1 and M2 is that
A) M1 includes currency, but M2 does not.
B) M1 includes checkable deposits, but M2 does not.
C) M2 includes assets with less liquidity than those included in M1.
D) M2 includes assets with greater liquidity than those included in M1.
Correct Answer:
Verified
Correct Answer:
Verified
Q43: A key problem with the basic quantity
Q44: During the early 1980s as interest-bearing checkable
Q45: If nominal money balances increase from $2
Q46: Changes in the payments system<br>A)are rare and
Q47: In developing early theories about money demand,
Q49: The effects of interest rates on the
Q50: In Friedman's theory of money demand, when
Q51: If nominal money balances increase from $2
Q52: Irving Fisher originally described velocity using transactions,
Q53: Velocity equals<br>A)PY/M.<br>B)M/PY.<br>C)MP/Y.<br>D)MY/P.