Which of the Following Is Not Included as a Component

question 15

Multiple Choice

Which of the following is not included as a component of the M1 definition of money?

• A) Coins and bills held by banks.
• B) Bonds.
• C) Coins and bills held by the non- bank public.
• D) Current account deposits.
• E) None of the above.

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Definitions:

Sensitization

An increased reaction to a stimulus following repeated exposures to it.

Classical Conditioning

An educational method where a connection is made between a stimulus in the environment and one that occurs naturally, resulting in a conditioned response.

Stimuli

Physical or chemical changes in the external or internal environment that evoke a response from a living organism.

Acclimation

The process of an organism adjusting to change in its environment, allowing it to survive and reproduce.