Some Economists Have Proposed a New Definition of Money That

question 50

Multiple Choice

Some economists have proposed a new definition of money that would better track money demand. One such measure is the MZM or "money zero maturity." What kind of items will be included in this measure?

• A) Assets that have no maturity such as cash, checking accounts, and shares of stocks.
• B) Assets that can be converted to cash with zero penalty and securities that are issued by the U.S. government since these are virtually risk free.
• C) Any deposits that do not have specified maturity terms, just as long as these deposits are fairly liquid and are used by consumers to pay for transactions.
• D) Liquid accounts held by the public, regardless of whether they are classified as M1 or M2 and the reserves of banks that earn no interest since these could be used to create money.

Differentiate between writing a complaint and writing a rejection.

Analyze the efficacy of social media as channels for resolving customer complaints.

Apply principles of effective communication in crafting negative messages to customers while considering ethical implications.

Understand the factors influencing self-confidence in children.

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Definitions:

Degree 3

A polynomial of degree 3 is a polynomial that has the highest exponent of its variable(s) as 3.

Sum

The result obtained by adding two or more numbers.

Scientific Notation

A way of expressing numbers that are too large or too small to be conveniently written in decimal form, using powers of ten.

Quadratic Polynomial

A polynomial of degree two, typically written in the form ax^2 + bx + c where a, b, and c are constants.