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Today's Harsh Economic Realities Often Require More of Leaders Than

question 221

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Today's harsh economic realities often require more of leaders than being person-oriented. It requires a leadership style that seeks to encourage employees to exceed expectations and look beyond self-interest to help the organization better compete. This new style of leadership is called


Definitions:

M2

M1 plus savings deposits, small-denomination time deposits, and money market mutual funds.

M3

M2 plus large-denomination time deposits.

M1

A category of the money supply that includes physical currency and coins, demand deposits, traveler’s checks, and other checkable deposits.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money.

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