Examlex
A company is starting a new process of allowing its employees to have the option of working from anywhere in the world. After some research and approval from the board of directors, it is time to implement the new process. Which of the following policies should be used for this new process?
M1
A category within the money supply that includes physical currency and coin, demand deposits, traveler's checks, and other checkable deposits.
Savings Deposits
Accounts held at financial institutions that earn interest while providing funds liquidity with few, if any, restrictions on withdrawals.
Demand Deposits
Bank accounts from which money can be withdrawn at any time without any advance notice.
M1
A category of the money supply that includes all physical money like coins and currency, as well as demand deposits, and other liquid assets quickly convertible to cash.
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