Travelers' Checks Are Included in Which of the Following Money

question 88

Multiple Choice

Travelers' checks are included in which of the following money supply definitions?

• A)M1
• B)M2
• C)M3
• D)all of the above

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Definitions:

Autocracy

A form of government where power is concentrated in the hands of a single individual or a small group, without significant input from citizens.

Monarchy

A form of government in which a single person, the monarch, rules until death or abdication, and the position is usually inherited.

Communist

Pertaining to a political and economic system aiming for a classless society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

Socialist

Pertaining to a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.