Currency Held Outside the Banking System Is Included

question 27

Multiple Choice

Currency held outside the banking system is included

• A) in M1 but not M2.
• B) in M2 but not M1.
• C) in both M1 and M2.
• D) in neither M1 nor M2.

Understand the distinctions between market and command economies, including their impacts on economic outcomes.

Analyze the influence of government and political hierarchy in different economic systems.

Describe the management and assessment of business risks within market systems.

Acknowledge the essential characteristics and benefits of private property rights in promoting economic activity.