Scenario 16-1 Currency $1,000

question 51

Multiple Choice

Scenario 16-1
Currency $1,000
Checking Account Balances 2,000
Savings Account Balances 5,000
Small-Denomination Time Deposits 6,000
Noninstitutional Money Market Fund Shares 7,000
Consider the information above for a simple economy. Assume there are no traveler's checks.
-Refer to Scenario 16-1.M1 in this simple economy equals

• A) $1,000.
• B) $2,000.
• C) $3,000.
• D) $8,000.

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Definitions:

Secondary Succession

The process of ecological recovery in an area where a biological community was partially removed but where soil remains.

Primary Succession

Ecological succession that occurs in an environment in which new substrate devoid of vegetation and usually lacking soil, such as a lava flow or area left from retreated glacier, is deposited.

Forest Fire

Uncontrolled fire occurring in woodland or bush areas, which can have both destructive and beneficial effects on ecosystems.

Succession

The progressive, natural change in an ecosystem's species composition over time, leading to ecological stability.