The Smallest Single Component of M1 Is

question 140

Multiple Choice

The smallest single component of M1 is

• A) demand deposits.
• B) savings account balances.
• C) other checkable deposits.
• D) traveler's checks.

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Definitions:

Performance

The execution of an action or task measured against pre-established standards such as accuracy, completeness, and speed.

Effort

The use of physical or mental energy to do something; exertion towards accomplishing a task.

Persistence

The continued effort to achieve something despite difficulties, failure, or opposition.

Motivation

Represents the internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject.