The money in your personal checking account is counted as: A. Neither M1 nor M2 money B. M1 and M2 money C. M1 money only D. M2 money only 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. M1 money but not M2 money B. M2 money but not M1 money C. Neither M1 nor M2 money D. Both M1 and M2 money Which of the following is NOT included as M1 money? A. Currency B. Travelers checks C. Demand deposits D. All of the above are included as M1 money

The money in your personal checking account is counted as: A. Neither M1 nor M2 money B. M1 and M2 money C. M1 money only D. M2 money only 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. M1 money but not M2 money B. M2 money but not M1 money C. Neither M1 nor M2 money D. Both M1 and M2 money Which of the following is NOT included as M1 money? A. Currency B. Travelers checks C. Demand deposits D. All of the above are included as M1 money

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter5: Managing Checking And Savings Accounts

Section: Chapter Questions

Problem 1FPC

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