The Measure of the Money Stock Called M1 Includes

question 95

Multiple Choice

The measure of the money stock called M1 includes

• A)wealth held by people in their checking accounts.
• B)wealth held by people in their savings accounts.
• C)wealth held by people in money market mutual funds.
• D)everything that is included in M2 plus some additional items.

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Definitions:

Enron

A former American energy company known for its massive accounting fraud leading to its bankruptcy.

WorldCom

A major telecommunications company that was involved in a large-scale accounting scandal, leading to its bankruptcy in 2002.

Double Jeopardy

A legal principle that prevents an individual from being tried twice for the same offense in the same jurisdiction, as protected under the Fifth Amendment of the U.S. Constitution.

Fourth Amendment

A part of the U.S. Constitution that protects against unreasonable searches and seizures by the government.