In the United States Between 2007 and 2009

question 46

Multiple Choice

In the United States between 2007 and 2009,

• A) the M1 money multiplier steadily increased.
• B) the M2 money multiplier stayed fairly constant and then fell sharply.
• C) the M2 money multiplier steadily decreased.
• D) changes in the currency drain and required reserve ratio did not affect the money multiplier.
• E) the M2 money multiplier decreased throughout 2007 and then increased.

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Definitions:

Lookback

A financial term referring to the practice of looking back at historical data or periods to make calculations or assessments.

Separate Maintenance

A legal agreement or court order requiring a spouse to support the other financially during a separation but prior to a divorce.

Court Ordered Decree

A formal order issued by a court that mandates or legally finalizes a decision, often related to divorce, child custody, or support.

Married Filing Separately

This is a financial status for spouses permitting them to file their taxes individually by reporting their own income, deductions, and exemptions on different tax returns.