Which of the Following Items Is Included in the M1

question 13

Multiple Choice

Which of the following items is included in the M1 money supply?

• A) A credit card with a $5,000 limit.
• B) Coins in a vending machine, waiting to be used as change.
• C) $50 notes held at a Westpac branch.
• D) $1,500 in a fixed-term savings account.
• E) A $5,000 student loan granted to an Australian citizen.

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Definitions:

Actual Capital Markets

Real-world financial markets where savings and investments are transferred between suppliers who have capital and those who are in need of capital.

Statistical Measure

A quantitative representation that describes a characteristic of a data set or population, such as mean or standard deviation.

Pop-off Valve

A safety device designed to release excess pressure from a system, such as an air tank or steam boiler, to prevent over-pressurization and potential damage.

Governor Cut-out Pressure

The maximum pressure at which an air compressor governor stops the compressor from pumping air into the air storage tanks, typically in air brake systems.