Which of the Following Is NOT Part of the M-1

question 13

Multiple Choice

Which of the following is NOT part of the M-1 supply?

• A) currency at hand
• B) currency amount of written checks
• C) currency available through a debit card
• D) currency in checking accounts
• E) currency value of time deposits

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Definitions:

Economic Stimulus Package

A package of economic measures put together by a government to stimulate a floundering or stagnant economy and help it recover.

Impact Lag

The time taken between the implementation of an economic policy and the occurrence of its intended effects on the economy.

Federal Budget Deficit

The scenario in which the spending of the federal government surpasses its income within a specific fiscal year.

Discretionary Fiscal Policy

Economic policies based on government spending and taxation that are employed to manage economic fluctuations and steer the economy.