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:

Primary Process Thinking

A mode of thought in which the unconscious mind operates without logical or temporal constraints, often seen in dreams or early stages of childhood development.

Secondary Process Thinking

A mature type of thought process that includes logical thinking and the consideration of reality, often associated with conscious thoughts and problem-solving strategies.

Agreeableness

A personality trait characterized by being kind, empathetic, cooperative, and considerate of others.

Conscientiousness

A personality trait characterized by organization, responsibility, and dependability.