The Largest Component of M1 Is

question 149

Multiple Choice

The largest component of M1 is

• A) checkable deposits.
• B) credit card balances.
• C) currency.
• D) savings deposits.

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Definitions:

Imports

Commodities or offerings sourced from outside the country and brought in for commercial sale or personal use.

European Union

A political and economic union of 27 European countries that participate in a standardized legal and regulatory system.

Free-Trade Zone

A specific region within a country where goods may be imported, handled, manufactured, or reconfigured, and re-exported without the intervention of customs authorities.

Quota

A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a certain time period.