Currency Held Outside the Banking System Is Included

question 519

Multiple Choice

Currency held outside the banking system is included

• A) in both M1 and M2.
• B) in neither M1 nor M2.
• C) in M2 but not M1.
• D) in M1 but not M2.

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Definitions:

Marginal Benefit

The additional satisfaction or value a consumer gains from consuming one more unit of a good or service.

Marginal Cost

The increase in cost that arises from an additional unit of production.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 that prohibits certain business activities that reduce competition in the marketplace.

Clayton Act

A U.S. antitrust law aimed at increasing competition by preventing unfair trade practices and monopolies.