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    International Economics Study Set 9
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    Exam 14: Exchange Rates I: the Monetary Approach in the Long Run
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    The M1 Measure of Money Includes Demand Deposits but Excludes
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The M1 Measure of Money Includes Demand Deposits but Excludes

Question 117

Question 117

Multiple Choice

The M1 measure of money includes demand deposits but excludes:


A) currency in circulation.
B) Federal Reserve notes.
C) travelers' checks.
D) bank reserves.

Correct Answer:

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