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:

Verifiable

Capable of being tested, confirmed, or proven to be true or accurate through evidence or demonstration.

Luddite Movement

A historical protest movement by 19th-century English workers who destroyed weaving machinery as a form of protest against the industrial revolution, fearing job loss and societal harm.

New Forms Of Technology

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Mass Society Theory

A sociological perspective that suggests society is integrated by a shared mass culture, often influenced by media, and marked by a loss of individuality.