Refer to the Given List of Assets

question 241

Multiple Choice

Refer to the given list of assets. 1. Large-denominated ($100,000 and over) time deposits
2) Savings deposits
3) Currency (coins and paper money) in circulation
4) Small-denominated (under $100,000) time deposits
5) Stock certificates
6) Checkable deposits
7) Money market deposit accounts
8) Money market mutual fund balances held by individuals
9) Money market mutual fund balances held by businesses
10) Currency held in bank vaults
The assets that are not included in either M1 or M2 are

• A) items 1, 5, 9, and 10.
• B) items 2, 5, 8, and 9.
• C) items 1, 3, 5, 7, and 9.
• D) all of the 10 items listed .

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Definitions:

Domestic Production

The total output of goods and services produced within the borders of a country.

Imported Wine

Wine that is brought into a country from abroad for sale.

Production Possibilities Curves

A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve when its resources are fully and efficiently utilized.

Trade

The exchange of goods, services, or both between two or more parties, either within an economy or between economies.