Multiple Choice
Which of the following statements is false?
A) M1, M2, and M3 include demand deposits and other checkable deposits.
B) Term repurchase agreements are included in M3, but not in M1 and M2.
C) U.S.savings bonds are included in M3, but not in M1 and M2.
D) Travelers' checks are included in M1, M2, and M3.
Correct Answer:
Verified
Correct Answer:
Verified
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