Which of the Following Is Not Part of M1 and Part

question 46

Multiple Choice

Which of the following is not part of M1 and part of M3?

• A) Travellers cheques.
• B) Term deposits.
• C) Currency.
• D) High- powered money.
• E) Current account deposits.

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Definitions:

Means-tested

Pertaining to government programs that require individuals to meet certain income or asset criteria to qualify for benefits.

State Sales Tax

A tax imposed by a state on the sale of goods and services, typically calculated as a percentage of the selling price.

Inheritance Tax

A tax imposed on individuals who inherit assets from a deceased person.

Deficits

The amount by which a government, company, or individual's spending exceeds its income over a particular period of time.