Which Statement Is TRUE

question 82

Multiple Choice

Which statement is TRUE?

• A) M2 includes the gold stock but not M1.
• B) M2 includes M1.
• C) The gold stock backs M2 but not M1.
• D) M1 includes M2 but not the gold stock.

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Definitions:

U.S. Constitution

The supreme law of the United States, establishing the framework of the national government and the fundamental rights and freedoms of its citizens, ratified in 1787.

Original Thirteen

Refers to the first thirteen colonies that declared independence from British rule in 1776, eventually forming the United States of America.

Local Self-Government

The management and governance of local affairs by local authorities or the community, allowing for decision-making at the closest level to the citizens.

Sectional Interests

The promotion of economic and political concerns that are specific to a particular region or section of a country, often leading to conflict or competition with other regions.