If You Need Cash You Can Go to the Bank

question 210

Essay

If you need cash you can go to the bank and withdraw some of your savings. If you have some U.S. treasury bonds, you can also "cash" them in. Why, then, does the definition of money include savings accounts but not government bonds as part of the M2 money supply?

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Definitions:

First Sense

typically refers to touch, considered by many as the initial sense developed in utero and critical for early human development.

Acute

refers to conditions or phenomena that are severe in degree but of short duration.

20/20 Level

A term commonly used to describe normal visual acuity (clarity or sharpness of vision) measured at a distance of 20 feet.

American Academy of Pediatrics

A professional organization that advocates for the health and well-being of all children through policy, guidance, and research.