The Difference Between M1 and M2 Is That

question 143

Multiple Choice

The difference between M1 and M2 is that:

• A)the former includes notice deposits.
• B)the latter includes personal saving deposits and non-personal notice deposits.
• C)the latter includes government bonds.
• D)the latter includes cash held by chartered banks.

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Definitions:

Curious

Having a strong desire to learn or know something.

Unworried

A state of being free from concern, anxiety, or stress about future events or outcomes.

Corporate Income Taxes

Taxes imposed on the net income (profit) of corporations.

State

A political organization or entity occupying a definite territory and having centralized government with the power to make and enforce laws without external control.