The M2 Aggregate

question 8

Multiple Choice

The M2 aggregate

• A) includes M1 plus short-term investment accounts.
• B) includes M1 plus large-denomination time deposits.
• C) equals currency plus checking account deposits at commercial banks.
• D) is the best definition of money purely as a medium of exchange.

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Definitions:

Dissociation

A psychological condition in which there is a disconnection or lack of continuity between thoughts, memories, surroundings, actions, and identity.

Divided Consciousness

A theory in psychology in which the mind splits into different levels of awareness, especially noted during multitasking or hypnosis.

Role-Playing

The act of assuming a role or character different from oneself, often used as a learning tool or in gaming.

Experiment Under Way

An experiment under way indicates a study or research project that has been initiated and is currently in progress, often to test hypotheses or explore new theories.