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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

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter4: Managing Your Cash And Savings
Section: Chapter Questions
Problem 3FPE: Choosing a new bank. Youre getting married and believe your present bank is not a good fit. Discuss...
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  1. 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

     

    1. 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

       

      1. 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

       

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