Which of the Following Is NOT Part of M1

question 49

Multiple Choice

Which of the following is NOT part of M1?

• A)currency
• B)personal chequing accounts
• C)personal savings deposits
• D)current accounts

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Definitions:

Hotelling Rule

An economic theory that addresses how the price of non-renewable resources should increase over time under conditions of efficient extraction and market equilibrium.

Marginal Extraction Cost

The additional cost associated with extracting one more unit of a resource.

Treasury Bill

A short-term government security issued at a discount from the par value and pays no interest, maturing in a year or less.

Treasury Bond

Long-term government debt securities with a fixed interest rate and maturity of more than 10 years.