M1 Does Not Include Cash That Is Held in ATMs

question 12

Multiple Choice

M1 does not include cash that is held in ATMs or bank vaults,because ________.

• A)no one really owns that money
• B)that money is included in M2
• C)that money earns no interest
• D)the right to access that money is counted already as bank deposits
• E)none of the above

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Definitions:

Insulin

A hormone secreted by the islets of Langerhans in the pancreas.

Sugars

Simple carbohydrates that taste sweet and are used by the body for energy.

Antiarrhythmic

A type of medication used to treat irregular heartbeats or arrhythmias.