Some Economists Include Time or Savings Deposits in the Money

question 63

Multiple Choice

Some economists include time or savings deposits in the money supply because

• A) these deposits can be readily transformed into cash.
• B) these deposits can be used as collateral for loans.
• C) the value of time deposits is measured in dollars.
• D) there is no difference between the various types of bank deposits.
• E) savings and loan institutions have the same status as commercial banks.

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Definitions:

Income

The amount of money received by an individual or entity in exchange for labor or services, through investments, or from any other sources.

Nuts

Typically refers to dry, edible seeds or fruits with a high fat content, but in economics or general usage, it might not have a specialized meaning beyond its common understanding.

Berries

Small, pulpy, and often edible fruits, typically containing multiple seeds.

Utility Function

A mathematical representation of how consumer preferences over a set of goods and services translate into levels of satisfaction or utility.