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    Understanding Business
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    Exam 20: Money, Financial Institutions, and the Federal Reserve
  5. Question
    Which of the Following Is NOT Included in the M-1
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Which of the Following Is NOT Included in the M-1

Question 53

Question 53

Multiple Choice

Which of the following is NOT included in the M-1 or M-2 definitions of the money supply?


A) savings account deposits
B) gold
C) checking account deposits
D) currency

Correct Answer:

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