Ava Buys a $2,000 Computer Using a Paper Check

question 54

Multiple Choice

Ava buys a $2,000 computer using a paper check. At which step does $2,000 get recorded in M1?

• A) When Ava hands the $2,000 check to the computer merchant.
• B) Once the $2,000 is credited to the merchant bank's reserve account and is debited from Ava's bank account.
• C) Once the Federal Reserve sends the paper check (or an electronic image) to Ava's bank.
• D) The check is never M1. The $2,000 is M1 both in Ava's bank account and, later, in the merchant's account. It is the deposit balance that is counted.

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Definitions:

Constructs Career

Refers to the conceptual building blocks or elements that form the basis of career theories and career guidance practices.

Successful Working

Achieving desired outcomes in one's career through effective performance, productivity, and personal satisfaction.

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An imaginative exercise where individuals visualize themselves in various scenarios to explore personal aspirations and potential outcomes.

Career Construction Interview

A methodological tool used in career counseling to understand an individual's career life themes, personal goals, and coping strategies.