In Defining Money as M1, Economists Exclude Time Deposits Because

question 89

Multiple Choice

In defining money as M1, economists exclude time deposits because

• A)the intrinsic value of time deposits is nil.
• B)the purchasing power of time deposits is much less stable than that of checkable deposits and currency.
• C)they are not directly or immediately a medium of exchange.
• D)they are not recognized by the federal government as legal tender.

---

Definitions:

Obedience

Obedience refers to compliance with commands given by an authority figure, often studied in psychology to understand the extent and limits of social influence over behavior.

Orders Over The Telephone

A process where customers or clients place orders for products or services by speaking directly to a supplier or service provider over the phone.

Obedience

The act of following orders or directions from someone in authority, often studied in psychology as a behavior.

Conformity

The practice of aligning one's attitudes, beliefs, and actions with the norms, policies, or expectations of a group or society.