As of December 2010, the Largest Single Component of M2

question 22

Multiple Choice

As of December 2010, the largest single component of M2 consists of

• A) checkable deposits at banks.
• B) cash, coins, and other currency.
• C) savings deposits.
• D) gold and silver in commodity accounts.

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Definitions:

Expenditure Limits

Financial restrictions imposed by governments on how much can be spent in a certain period or on a specific project to prevent overspending.

Political Action Committee

An organization that raises and spends money to influence elections or legislation, particularly in the United States.

Public Funding

Financial support from government revenue to projects or organizations that serve the public interest.

Presidential Primary Campaigns

The initial phase of the presidential electoral process, where candidates from the same party compete to gain delegates for the national party convention.