M1 Does Not Include

question 28

Multiple Choice

M1 does not include

• A)MMMFs.
• B)travelers' checks.
• C)currency.
• D)transaction accounts.

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Definitions:

Soviet Union

A former federal socialist state in Eurasia that existed from 1922 to 1991, composed of multiple Soviet republics, and known for its role in global politics, particularly during the Cold War.

Creative Destruction

is an economic concept that describes the process by which newer innovations replace outdated industries or products, driving economic growth.

Digital Downloads

The distribution of digital content such as music, movies, and software via the internet, without the use of physical media.

Online Retail Sales

The process of purchasing goods or services over the Internet, directly from retailers.