If the Federal Reserve Decided to Include Virtual Money Like

question 143

Multiple Choice

If the Federal Reserve decided to include virtual money like Bitcoins in its measure of the money supply,what would be the effect on M1 or M2?

• A)M1 would rise.
• B)M1 would fall.
• C)M1 would rise and M2 would remain constant.
• D)M2 would rise but M1 would remain constant.

---

Definitions:

Performance Efficiency

Measures how well an individual, group, or organization uses resources to achieve objectives with minimum waste.

Social Networking

The use of dedicated websites and applications to interact with other users, or to find people with similar interests to oneself.

Career Advancement

The process of moving up in the hierarchy of an organization or field, often accompanied by increased responsibilities and compensation.

Resource Costs

The financial expenditure associated with the acquisition, maintenance, and utilization of resources such as materials, labor, and capital.