The Components of the M1+ Monetary Aggregate Are Chequable Deposits

question 12

Multiple Choice

The components of the M1+ monetary aggregate are chequable deposits plus ________.

• A) currency
• B) currency plus savings deposits
• C) currency outside banks
• D) currency plus money market deposits

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Definitions:

Utility Function

A mathematical representation of a consumer's preference ordering over a set of goods and services, showing the satisfaction level from consumption.

Consumption Of X

The act of using up a particular resource X or the amount of X that is used.

Units Of Y

A generic term for the measurement used to quantify the output in a given economic or mathematical model.

Utility Function

An economic model that describes how consumers rank different bundles of goods according to the levels of satisfaction or utility those bundles provide.