Since the 1980s,"NOW" Accounts Have Been Included in

question 31

Multiple Choice

Since the 1980s,"NOW" accounts have been included in

• A)M1, but not M2.
• B)M2, but not M1.
• C)both M1 and M2.
• D)the monetary base and M1, but not M2.
• E) neither M1 nor M2.

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Definitions:

Flexible Exchange Rates

A foreign exchange system where exchange rates are determined by the supply and demand for currencies and can fluctuate freely.

Nation's Currency

The legal tender or monetary system that a country uses for its economic transactions.

Tastes

The perceived preferences or desires of consumers or individuals, often influencing their behavior and choices.

Exchange Rates

The value of one currency expressed in terms of another currency, used to determine how much of one currency you can exchange for another.