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    Modern Principles Macroeconomics
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    Exam 15: The Federal Reserve System
  5. Question
    M1 Refers To
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M1 Refers To

Question 237

Question 237

Multiple Choice

M1 refers to:


A) currency.
B) currency plus total reserves held at the Fed.
C) currency plus checkable deposits.
D) currency,checkable deposits,savings deposits,money market mutual funds,and small-time deposits.

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