Multiple Choice
Why are checking account balances included in the M1 definition of the money supply?
A) Checking account balances are a traditional form of money that predates paper money.
B) Checking account balances are used to make so many payments.
C) Checking account balances are backed by gold and silver.
D) Checking account balances pay interest.
Correct Answer:
Verified
Correct Answer:
Verified
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