Which of the Following Measures Is NOT Included in the M1

question 30

Multiple Choice

Which of the following measures is NOT included in the M1 definition of money?

• A) travelers checks
• B) time deposits
• C) checking deposits
• D) currency held by the public

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Definitions:

Normative Influence

The impact of the social environment on individuals' behavior, where people conform to the expectations of a group to be liked, accepted, or to avoid disapproval.

Social Pressure

The influence exerted by society or social groups on individuals to conform to expected norms and behaviors.

Milgram's Study

A series of social psychology experiments conducted by Stanley Milgram, which aimed to measure the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Maximum Level of Shock

The highest intensity of electric shock that can be safely administered in an experimental or clinical setting.