M2 Consists of

question 140

Multiple Choice

M2 consists of

• A)M1 plus traveler's checks.
• B)M1 plus saving deposits,small time deposits,and money market funds.
• C)M1 plus checkable deposits.
• D)M1 plus currency at the banks.
• E)M1 plus Federal Reserve notes.

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Definitions:

Offer

A tentative promise to do something if another party consents to do what the first party requests.

Telephone

A telecommunications device that allows two or more users to conduct a conversation when they are too far apart to be heard directly.

Invitation To Treat

An Invitation to Treat is a legal expression signaling the initiation of negotiations, inviting offers which can then be accepted or rejected by the party issuing the invitation.

Reward

An offer of compensation for providing assistance, such as returning lost property or providing information leading to fulfilling certain conditions.