Coins Held in Chartered Banks Are

question 127

Multiple Choice

Coins held in chartered banks are:

• A)included in M1, but not in M2.
• B)included both in M1 and in M2.
• C)included in M2, but not in M1.
• D)not part of the nation's money supply.

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Definitions:

Open-end Mutual Funds

Investment funds that continually issue new shares and buy back existing shares from investors, without a fixed number of shares.

Guaranteed Rate

A fixed interest rate agreed upon in a financial contract, ensuring that the rate will not change for the contract's duration.

Net Asset Value

The value per share of a mutual fund or ETF, calculated by dividing the total value of all the securities in the portfolio, minus liabilities, by the number of shares outstanding.

Closed-end Fund

A type of investment fund with a fixed number of shares that are traded on a stock exchange, unlike open-end funds that can issue or redeem shares at any time.