Below Is a List of Financial Assets

question 51

Multiple Choice

Below is a list of financial assets:
1.Certificates of deposit
2.Notice deposits (savings accounts)
3.Currency (coins and paper money)
4.Demand deposits (chequing accounts)
5.Government securities
6.Gold certificates
-Refer to the information above to answer this question.Which item(s) is included in the M1 definition of money?

• A)6 only.
• B)2,3 and 4.
• C)3 and 4.
• D)3,4 and 6.
• E)3 only.

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Definitions:

Trumpet

A brass wind instrument with a flared bell and a bright, penetrating tone, played by blowing into a small mouthpiece.

Mouthpiece

A part of an instrument or device that is designed to be placed in or near the mouth.

Pyrotechnics

The art of making or displaying fireworks; also used metaphorically to describe impressive displays or performances.

Fireworks

Pyrotechnic devices used for entertainment purposes, which explode to produce colorful lights and sounds.