The Largest Monetary Aggregate Is

question 228

Multiple Choice

The largest monetary aggregate is:

• A)M1, because it contains all of the currency in circulation.
• B)M2, because it contains currency in circulation, all bank deposits, other deposits, and deposit-like assets.
• C)the reserves in the vaults of Federal Reserve banks, because they are the money multiplier.
• D)the total volume of stocks and bonds, because they store most of the national wealth.

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Definitions:

Exposure Therapy

A psychological treatment method that involves confronting feared or traumatic memories, objects, or situations directly to reduce their associated anxiety.

Obsessive-Compulsive Disorder

A psychiatric condition marked by persistent, intrusive thoughts (obsessions) and repetitive actions (compulsions).

Systematic Desensitization

A behavioral therapy technique used to gradually reduce anxiety or phobia by having the patient confront a feared object or context in a controlled manner.

Shaping

A behavior modification technique involving the reinforcement of closer approximations of a desired behavior until the exact behavior is achieved.