The Largest Proportion of M1+ Is Made Up of

question 25

Multiple Choice

The largest proportion of M1+ is made up of

• A)currency.
• B)chequing account deposits.
• C)traveller's cheques.
• D)savings account deposits.
• E)time deposits.

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Definitions:

Problem Recognition

The initial step in the consumer decision process where the consumer identifies a need or realizes the difference between the current and a desired state.

Alternative Evaluation

The process in which consumers compare different products or brands on various attributes to make a purchasing decision.

Consideration Set

A group of brands or products a consumer evaluates when making a purchase decision.

Criteria

Standards or benchmarks used to evaluate or make decisions about something.