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Sublight2097 Sublight2097
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8 years ago
Checking account deposits are counted in M1, but savings account deposits are not because
A) checking deposits can be used for payment; cash in savings cannot.
B) checking deposits are a form of consumption; savings deposits are a form of investments.
C) Trick question! Neither type is counted in M1.
D) Trick question! Both deposit types are counted in M1.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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VincenzoDVincenzoD
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Another one in the books, marking it solved.
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