Which of the Following Is Not Included in M1

question 99

Multiple Choice

Which of the following is not included in M1?

• A)Credit union share drafts.
• B)Transactions account balances at mutual savings banks.
• C)Currency in circulation outside of commercial banks.
• D)Savings account balances at a federal savings bank.

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Definitions:

Abatement Cost

The cost associated with reducing or eliminating negative environmental impacts, such as pollution.

Transferable Permits

Transferable permits are regulatory instruments that allow the holder to emit a certain amount of pollution or use a certain amount of a resource; they can be bought and sold, creating a market for these permits.

Transferable Emissions Permit

A market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants, allowing entities to buy, sell, or trade permits.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service.