Which of the Following Is Included in M2,but Not in M1

question 38

Multiple Choice

Which of the following is included in M2,but not in M1?

• A) currency (outside the Bank of Canada and the vaults of depository institutions)
• B) travelers' cheques
• C) demand deposits
• D) personal savings deposits
• E) nonpersonal notice deposits

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Definitions:

Transactional Leadership

A leadership style that focuses on supervision, organization, and performance; transactional leaders guide or motivate their followers in the direction of established goals by clarifying role and task requirements.

Transformational Leadership

A leadership style characterized by the ability to inspire and motivate followers to achieve exceptional outcomes and foster significant change.

Fiedler's Three Variables

Core components in Fiedler's contingency model, which posits that effective leadership depends on the match between a leader's style and the favorableness of the leadership situation.

Situation Favorable

Circumstances or conditions that are advantageous or beneficial for a particular purpose or outcome.