Examlex
-The table above shows the transactions made during 2009 by the citizens of Biscuit, whose currency is the crumb. During 2009, the official reserves increased by 380 million crumbs. How many million crumbs did Biscuit lend to the rest of the world in 2009?
M1
A category of the money supply that includes all physical money like coins and currency, as well as demand deposits and other liquid assets held by the central bank.
Currency
Currency refers to the system of money in general use in a particular country, including both physical coins and banknotes, as well as digital or electronic forms.
Money Market Mutual Funds
Investment funds which gather capital from investors to buy short-term, low-risk securities such as Treasury bills and commercial paper.
M1
A category of the money supply that includes all physical money, such as coins and currency, as well as demand deposits, checking accounts, and negotiable order of withdrawal (NOW) accounts.
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