Multiple Choice
In the context of monetary policy, which of the following statements is true of money supply?
A) The M1 money supply includes market accounts and certificates of deposit.
B) The M1 money supply includes all currency plus checking accounts and traveler's checks.
C) The M2 money supply excludes all of the M1 supply except certificates of deposit.
D) The M2 money supply excludes paper bills and metal coins.
Correct Answer:
Verified
Correct Answer:
Verified
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