Multiple Choice
Which of the following is NOT included in M1 or M2?
A) checking account balances
B) currency in circulation outside of commercial banks
C) traveler's checks
D) credit card balances
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q109: Checking account balances are included in<br>A) M1
Q159: Logan finds $10 in his jacket pocket
Q160: Recall the Application about the Fed increasing
Q161: Deposits are examples of a bank's<br>A) assets.<br>B)
Q162: Money is<br>A) anything that is regularly used
Q163: Suppose Kaylee withdraws $4,000 from her bank.
Q165: A bank's required reserves are the fraction
Q166: About 46 percent of M1 is composed
Q168: Using the formula for an infinite sum,
Q169: Monetary policy refers to the actions taken