Demand Deposits Are Included in

question 57

Multiple Choice

Demand deposits are included in

• A)M1 but not M2.
• B)M2 but not M1.
• C)M1 and M2.
• D)neither M1 nor M2.

---

Definitions:

Licensing Law

Legal regulations governing the process and requirements for granting permissions to individuals or entities to conduct activities that are subject to regulation.

Educational Requirements

Refers to the specific levels of education or particular qualifications necessary for a job position, professional certification, or other formal achievement.

Geographic Restraint

A limitation or restriction on where a person can live or work, often found in employment contracts or legal judgments.

Trade Secrets

Information, including formulas, practices, processes, designs, instruments, patterns, or compilations of information, that is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors.