Evaporation Is ________

question 37

Multiple Choice

Evaporation is ________.

• A)always a cooling process
• B)sometimes a cooling process
• C)always a warming process
• D)sometimes a warming process
• E)Two of the above are correct.

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Definitions:

M2

An expansive categorization of money that encompasses cash, checking deposits, and forms of near money that can be easily converted into cash or used for payments.

M1

M1 encompasses the most liquid forms of money supply, including cash and assets that can quickly be converted to cash.

M2

M2 is a broader classification of money supply that accounts for currency in circulation and various other types of accounts that are less liquid than those in M1.

M1

Refers to the physical money supply that includes coins and notes in circulation as well as non-bank public holdings of checkable deposits.