Currency Held by Banks Is Part of

question 101

Multiple Choice

Currency held by banks is part of

• A) both the M1 and M2 definitions of the money supply.
• B) the M2 definition of the money supply only.
• C) the M1 definition of the money supply only.
• D) neither the M1 nor the M2 definition of the money supply.

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Definitions:

Corrodes

The process by which a substance, typically a metal, deteriorates due to chemical reactions with its environment, often leading to rust.

Electron

A subatomic particle with a negative charge, found in all atoms and acting as the primary carrier of electricity in solids.

Genetics

The science of genes, heredity, and the variation of organisms.

Evolutionary Changes

Alterations in the genetic makeup of populations over successive generations, often leading to the development of new species.