Coins in people's pockets are A. included in M1, but not in M2. B. included in M2, but not in M1. C. included in M1 and M2. D. excluded from M1 and M2 because people can easily exchange them for Federal Reserve Notes.

Coins in people's pockets are A. included in M1, but not in M2. B. included in M2, but not in M1. C. included in M1 and M2. D. excluded from M1 and M2 because people can easily exchange them for Federal Reserve Notes.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Coins in people's pockets are

A. included in M1, but not in M2.

B. included in M2, but not in M1.

C. included in M1 and M2.

D. excluded from M1 and M2 because people can easily exchange them for Federal Reserve Notes.

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