Which of the Following Is Not True About M1

question 98

Multiple Choice

Which of the following is not true about M1?

• A)It includes the most liquid forms of money.
• B)It is the narrowest definition of the money supply.
• C)Savings accounts makes up approximately one-third of it.
• D)Currency in circulation makes up approximately half of it.

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Definitions:

Paradigm

A distinct set of concepts or thought patterns, including theories, research methods, postulates, and standards for what constitutes legitimate contributions to a field.

Acquiescent Response Set

Tendency to agree with items in an attitude questionnaire. This leads to an ambiguity in interpretation if a high score on an attitude questionnaire can be obtained only by agreeing with all or most items.

Mere Exposure Effect

A mental effect where people start liking things simply because they know them well.

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.