Which of these represents the rank from the smallest to largest components of M1?
A) coins, banknotes, demand deposits
B) banknotes, coins, demand deposits
C) demand deposits, coins, banknotes
D) demand deposits, banknotes, coins
Correct Answer:
Verified
Q36: An economy is expected to produce higher
Q37: If a person borrows $3,000 at 8%
Q38: Money is anything that is accepted in
Q39: M1 is equal to
A) currency plus small
Q40: If a $1,000 bond is issued with
Q42: Fiat money
A) has a high intrinsic value.
B)
Q43: Which of these is an example of
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Q45: The medium of exchange function of money
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