Multiple Choice
The M1 measure of money consists of the sum of:
A) currency, checking deposits, and travelers' checks.
B) currency and travelers' checks.
C) currency, checking deposits, and savings deposits.
D) checking deposits and travelers' checks.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Commercial banks create new money:<br>A)when they increase
Q12: The reserve-deposit ratio equals:<br>A)10 percent of bank
Q13: Bank reserves are:<br>A)currency and customer checking deposits.<br>B)currency,
Q14: The main disadvantage of using money as
Q15: If you use $1,000 to purchase silver
Q17: The amount of money in the United
Q18: Money serves as a medium of exchange
Q19: When a baker exchanges a pie for
Q20: The U.S. Congress instituted a system of
Q21: If the money supply equals 2,000, velocity