Which of the Following Would Not Be Counted as Part

question 59

Multiple Choice

Which of the following would not be counted as part of M1?

• A) demand deposits
• B) traveler's check
• C) currency
• D) money market accounts

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Definitions:

Normal Good

A good for which demand increases as the income of consumers increases.

Price Elasticity

measures how much the quantity demanded of a good responds to a change in the price of that good.

Elastic

Refers to a situation where the demand or supply for a product or service significantly changes in response to price changes.

Coefficient

In algebraic expressions, it's the numerical or fixed quantity that comes before and multiplies the variable.