The M2++ and M3 Definitions of the Money Supply Include

question 108

Multiple Choice

The M2++ and M3 definitions of the money supply include financial assets

• A)that serve the store-of-value function and are convertible into a medium of exchange.
• B)such as deposits at credit unions and caisses populaires.
• C)such as deposits at non-bank financial institutions.
• D)such as a credit card.
• E)such as a government Treasury bill.

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Definitions:

Contract

A legally binding agreement between two or more parties.

Warranty of Authority

An assurance provided by an agent to a third party that they have the authority to act on behalf of another person or entity in a legal or business transaction.

Breach

The violation or infringement of a law, duty, agreement, or trust.

Authority

denotes the power or right to give orders, make decisions, and enforce obedience.