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    Economics for Today Study Set 6
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    Exam 24: Money and the Federal Reserve System
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    M1 Refers To
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M1 Refers To

Question 62

Question 62

Multiple Choice

M1 refers to:


A) Federal Reserve Notes and gold certificates.
B) currency held by the public plus checking account balances.
C) the largest of the money-supply definitions.
D) bank loans.

Correct Answer:

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