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Identify/define and Explain the Significance of the Following: Afrikaner

question 74

Essay

Identify/define and explain the significance of the following: Afrikaner.


Definitions:

M2

M1 plus savings deposits, small-denomination time deposits, and money market mutual funds.

M3

M2 plus large-denomination time deposits.

M1

A category of the money supply that includes physical currency and coins, demand deposits, traveler’s checks, and other checkable deposits.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money.

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