The M2++ and M3 Definitions of the Money Supply Include

question 108

Multiple Choice

The M2++ and M3 definitions of the money supply include financial assets

• A)that serve the store-of-value function and are convertible into a medium of exchange.
• B)such as deposits at credit unions and caisses populaires.
• C)such as deposits at non-bank financial institutions.
• D)such as a credit card.
• E)such as a government Treasury bill.

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Definitions:

Real Estate

Real estate comprising land, the edifices built upon that land, plus the natural resources belonging to it.

Widgets

are generic terms often used to describe any product or manufactured good in business discussions or economic examples.

Retailers

Businesses that sell goods or commodities directly to consumers.

Perfected

In legal and financial contexts, describes a security interest or claim that has been legally established and recorded, making it enforceable against third parties.