Which of the following is included in M2, but NOT in M1?
A) currency (outside the Bank of Canada and the vaults of depository institutions)
B) nonpersonal notice deposits
C) demand deposits
D) travelers' cheques
E) personal savings deposits
Correct Answer:
Verified
Q13: Quantitative easing occurs when the central bank
A)increases
Q14: An open market purchase
A)causes decrease in the
Q15: Debit cards and online banking has
A)increased the
Q16: Which one of the following is included
Q17: The zero lower bound is
A)conventional monetary policy.
B)the
Q19: In a corridor system
A)reserves must be sufficiently
Q20: At the zero lower bound
A)open market purchases
Q21: The nominal interest rate cannot fall below
Q22: Which of the following approximately describes
Q23: Monetary aggregates are
A)the various roles of money.
B)currency
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