M1 Does Not Include Cash That Is Held in ATMs

question 12

Multiple Choice

M1 does not include cash that is held in ATMs or bank vaults,because ________.

• A)no one really owns that money
• B)that money is included in M2
• C)that money earns no interest
• D)the right to access that money is counted already as bank deposits
• E)none of the above

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Definitions:

Otitis Media

An infection or inflammation of the middle ear, often resulting in ear pain, fever, and hearing problems.

Muffled Speech

Speech that is difficult to understand due to distortion or low volume, often a symptom of a medical condition or obstruction.

Cholesteatoma

An abnormal, noncancerous skin growth that can develop in the middle section of the ear, behind the eardrum, often leading to hearing loss.

Otosclerosis

A condition affecting the ear where abnormal bone growth in the middle ear causes hearing loss.