Which of the Following Is Included in M2 but Not

question 79

Multiple Choice

Which of the following is included in M2 but not in M1?

• A)currency
• B)demand deposits
• C)savings deposits
• D)All of the above are included in both M1 and M2.

Analyze the impact of external factors (e.g., bankruptcy, war, incapacitation) on the termination of agency relationships.

Understand the concept of apparent authority and its termination.

Discern the ethical and legal implications in scenarios where an agent's and principal's interests or duties conflict.

Recognize the methods for notifying third parties about the termination of an agent's authority.

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Definitions:

Commercial Banks

Commercial banks are financial institutions that provide a variety of services, including accepting deposits, lending money, and offering checking and savings accounts to individuals and businesses.

Harold Ickes

An American administrator and politician, known for his service as the Secretary of the Interior under President Franklin D. Roosevelt and his work on the New Deal projects.

Public Works Administration

A New Deal agency that contracted with private construction companies to build roads, bridges, schools, hospitals, and other public facilities.

Tennessee Valley Authority

Administrative body created in 1933 to control flooding in the Tennessee River valley, provide work for the region’s unemployed, and produce inexpensive electric power for the region.