Why Are Savings Accounts Not Considered a Component of M-1,whereas

question 71

Essay

Why are savings accounts not considered a component of M-1,whereas checking accounts are?

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Definitions:

Porter's Generic Strategies

A framework that outlines three strategies businesses can use to achieve competitive advantage: cost leadership, differentiation, and focus.

BCG Matrix

A strategic business tool to help organizations analyze their product lines or business units for strategic decision-making.

Strategy Formulation

The process of defining an organization's strategy or direction and making decisions on allocating resources to pursue this strategy.

Strategic Leadership

The capability of influencing others towards the achievement of long-term organizational vision and objectives.