Which of the following statements is INCORRECT? (a) M1 consists of coins, notes and demand deposits only;(b) M3 includes short term deposits;(c) M3 includes long term deposits;(d) M3 = M1 + M2 + long term deposits.

Which of the following statements is INCORRECT? (a) M1 consists of coins, notes and demand deposits only;(b) M3 includes short term deposits;(c) M3 includes long term deposits;(d) M3 = M1 + M2 + long term deposits.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter18: Money And The Federal Reserve System

Section: Chapter Questions

Problem 6SQ

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Question

Which of the following statements is INCORRECT?

(a) M1 consists of coins, notes and demand deposits only;
(b) M3 includes short term deposits;
(c) M3 includes long term deposits;
(d) M3 = M1 + M2 + long term deposits.

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