The Difference Between M1 and M2 Is Given by Which

question 11

Multiple Choice

The difference between M1 and M2 is given by which of the following?

• A) M1 includes currency, coins, gold and silver, whereas M2 does not contain gold and silver.
• B) M1 is made up of currency, traveler's checks, and money in checkable accounts, whereas M2 contains M1 plus savings deposits and time deposits.
• C) M1 is limited to currency, whereas M2 contains M1 plus traveler's checks and money in checkable accounts.
• D) M1 includes currency and traveler's checks, whereas M2 contains M1 plus money in checking accounts.

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Definitions:

Anti-federalists

Opponents of the U.S. Constitution’s ratification, fearing that too strong a central government would endanger people's liberties and rights.

Representation

The act of electing officials who are charged with acting on behalf of a larger group, reflecting their interests in a legislative or governmental setting.

Congress

The bicameral legislature of the federal government of the United States, consisting of two chambers: the Senate and the House of Representatives.

Iron Triangles

A concept in U.S. politics that captures the stable, mutually beneficial relationships among government agencies, interest groups, and congressional committees or subcommittees.