Multiple Choice
Which of the following statements is true?
A) Savings deposits are a part of M2,but not M1.
B) M1 is sometimes referred to as the "broad definition of the money supply".
C) Time deposits are a part of M1,but not M2.
D) M1 is a larger dollar amount than M2.
Correct Answer:
Verified
Correct Answer:
Verified
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