Which of the Following Affected the Demand for M2

question 20

Multiple Choice

Which of the following affected the demand for M2?

• A)the introduction of interest-earning checking accounts
• B)the introduction of ATMs that allow instant withdrawals from saving accounts
• C)increased use of credit cards
• D)an increase in the yield of government bonds
• E)all of the above

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Definitions:

Exempt Status

A classification under labor laws that categorizes employees who are exempt from overtime pay and/or minimum wage requirements, typically based on the type of work they perform.

Job Responsibilities

Specific duties and tasks that an employee is expected to perform as part of their role within an organization.

Davis-Bacon Act

A United States federal law that requires paying the local prevailing wages on public works projects for laborers and mechanics.

Walsh-Healy Public Contracts Act

A U.S. federal law that requires minimum wage, maximum hours, and safety and health standards for contractors producing goods for the government.