Checks and Credit Cards Are NOT Considered Part of M1

question 406

Multiple Choice

Checks and credit cards are NOT considered part of M1 because

• A) both are liquid components of M2.
• B) not everyone has a checking account or a credit card.
• C) they are issued by banks.
• D) they are not the means of payment to transfer funds; currency or funds in your checking account are the means of payment.

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Definitions:

US

In the context of conditioning, this stands for the Unconditioned Stimulus, which automatically triggers a response without prior learning.

Classical Conditioning

A systematic method of pairing two stimuli repeatedly for learning; initially, the response comes from the second stimulus but ultimately comes from the first stimulus alone.

Violently Ill

Experiencing severe and intense symptoms of illness, often with rapid onset and significant discomfort or distress.

Spaghetti

A type of pasta originated from Italy, typically made from durum wheat and water, and known for its long, thin, cylindrical shape.