Checking Deposits Are Included in

question 280

Multiple Choice

Checking deposits are included in

• A) M1 and M2.
• B) M2 only.
• C) neither M1 nor M2.
• D) M1 only.

---

Definitions:

Price of X

The amount of money required to purchase a unit of product X, often influenced by supply and demand dynamics.

Consumer's Income

The total amount of income or earnings available to a consumer for spending and saving after taxes are paid.

Budget Line

A graphical representation showing all possible combinations of two goods that can be purchased with a given budget at fixed prices.

Prices

The monetary value assigned to goods and services, determined by factors like supply and demand.