Amounts Held on Deposit in Savings Accounts Are

question 51

Multiple Choice

Amounts held on deposit in savings accounts are:

• A)term deposits.
• B)included in the M2 supply of money.
• C)included in the M1 supply of money.
• D)near-monies.

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Definitions:

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often leading to underproduction of the good or service in absence of intervention.

Education

The systematic process of facilitating learning, acquiring knowledge, skills, values, and attitudes.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, typically not reflected in the market price, like vaccination.