Which of the Following Statements Is True

question 5

Multiple Choice

Which of the following statements is true?

• A) In June 2012, of the three components of M1, the checkable deposits component was the largest.
• B) M1 is sometimes referred to as the "broad definition of the money supply".
• C) Time deposits are a part of M1, but not M2.
• D) M1 is a larger dollar amount than M2.

---

Definitions:

Union Organizing Attempt

The process by which a labor union seeks to represent a group of employees, typically involving a card sign-up and possibly a formal election.

Informal Setting

An environment or situation that lacks formal structure or rules, often characterized by casual and personal interactions.

Section 8(c)

Part of the National Labor Relations Act allowing for the expression of views, argument, or opinion by employers, without threat of reprisal or force.

NLRA

The National Labor Relations Act of 1935, a foundational statute in United States labor law which protects the rights of employees to organize, to form, join, or assist labor organizations, to bargain collectively, and to engage in other protected concerted activities.