When our children were young, we saved their personal funds like cash birthday gifts in savings accounts at our local bank. These funds were counted as: A. Neither M1 nor M2 money B. M1 money but not M2 money C. M2 money but not M1 money D. Both M1 and M2 money
When our children were young, we saved their personal funds like cash birthday gifts in savings accounts at our local bank. These funds were counted as: A. Neither M1 nor M2 money B. M1 money but not M2 money C. M2 money but not M1 money D. Both M1 and M2 money
Chapter18: Money And The Federal Reserve System
Section: Chapter Questions
Problem 8SQ
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Question
When our children were young, we saved their personal funds like cash birthday gifts in savings accounts at our local bank. These funds were counted as:
A. |
Neither M1 nor M2 money |
|
B. |
M1 money but not M2 money |
|
C. |
M2 money but not M1 money |
|
D. |
Both M1 and M2 money |
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