M1 Includes

question 12

Multiple Choice

M1 includes

• A) currency only.
• B) currency plus checkable deposits.
• C) currency in circulation plus checkable deposits.
• D) currency in circulation plus checkable deposits plus traveler's checks.

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Definitions:

Hysteresis

The lag in response exhibited by a body when external forces are applied and removed, often observed in magnetic and mechanical systems.

Distribution Transformer

A common transformer used by utility companies to change their line voltage into the 240/120 volts necessary to operate homes and small businesses.

Auto

Often short for automobile; a self-propelled passenger vehicle commonly used for transportation.

Control

The power to influence or direct people's behavior or the course of events.