Which of the Following Statements Best Summarizes the Difference Between

question 119

Multiple Choice

Which of the following statements best summarizes the difference between M-1 and M-2?

• A) The M-1 definition of the money supply includes only domestic currencies while the M-2 definition includes foreign currencies.
• B) The M-1 definition consists of hard currencies which are backed by gold and silver, while M-2 consists of soft currencies which are not backed by gold and silver.
• C) The M-2 definition includes everything in the M-1 definition, plus additional components such as money in savings accounts, money market accounts, and certificates of deposit.
• D) The M-1 money supply consists only of the currency (coins and paper money) that circulates in our economy, while the M-2 includes traveler's checks and funds in demand deposits.

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Definitions:

Track Changes

A feature in word processing software that records modifications made to a document, allowing for the review and acceptance or rejection of those changes.

Combine Command

A command used in various software and programming languages to merge or join multiple sets of data or files into a single entity.

Combine Command

An action in computing and data processing that merges two or more sets of information into a single set.

Accept All Changes

The process of approving all the modifications made to a document during the review phase, usually in a word processor's tracked changes feature.