Which One of the Following Items Is Not Included in the M1

question 38

Multiple Choice

Which one of the following items is not included in the M1 definition of money?

• A)currency outside banks.
• B)personal chequable deposits
• C)non-personal chequable deposits
• D)fixed term deposits
• E)Neither B nor D are part of M1.

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Definitions:

Conjunction

A logical operator that connects two statements and indicates that both statements are true simultaneously.

Negation

A logical operation that reverses the truth value of a proposition.

Disjunction

A logical operation expressing the condition of having at least one of two statements be true; represented by "or."

Disjunctions

Logical operations that result in truth if at least one of the operands is true.