Currency Held Outside Banks Is Included in

question 43

Multiple Choice

Currency held outside banks is included in

• A) both M1 and M2.
• B) M2 only.
• C) M1 only.
• D) neither M1 nor M2.

---

Definitions:

Excise Tax

Excise tax is a tax imposed on specific goods, services, or activities, often included in the price of products like tobacco, alcohol, and gasoline, aimed at reducing consumption of these goods or generating revenue.

Music Downloads

Digital files of musical works that can be legally or illegally transferred from the Internet to a computer or mobile device.

Consumer Surplus

The discrepancy between the full amount consumers intend and have the means to pay for a good or service and the amount they genuinely pay.

Blue Jeans

A type of trousers made from denim or dungaree cloth, often considered a symbol of American culture.