Which of the Following Statements Is Correct

question 19

Multiple Choice

Which of the following statements is correct?

• A)All items that are included in M1 are included also in M2.
• B)All items that are included in M2 are included also in M1.
• C)Credit cards are included in both M1 and M2.
• D)Savings deposits are included in both M1 and M2.

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Definitions:

Common Law

A legal system based on judicial decisions and precedents rather than statutory laws.

Express Terms

Specific conditions and clauses explicitly stated in a contract or agreement, leaving no room for interpretation.

Contractual Parties

Contractual parties are the individuals or entities that enter into a contract with each other, agreeing to specified terms and obligations.

Implied Warranties

Legal assurances that are not expressly stated but are assumed in transactions, ensuring that products and services are fit for their intended use.