The Difference Between M1 and M2 Is Given by Which

question 34

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 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 money in checkable accounts.
• D) M1 includes currency, whereas M2 contains M1 plus money in checking accounts.

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Definitions:

Empirical Approach

An evidence-based method that draws on observation and experimentation.

Biopsychosocial Approach

A holistic perspective in psychology that suggests that biological, psychological, and social factors all play a significant role in human functioning in the context of disease or illness.

Critical Thinking

The goal of critically examining and assessing a matter to reach a conclusion.

Introspection

The examination or observation of one's own mental and emotional processes.