M1 basically includes currency, travellers' cheques etc. Hence the answer will be:
currency
travellers' cheques
Question 20 Which of the following does MI+ include? foreign currency accounts currency savings deposits travellers'...
What are checkable deposits? Savings accounts Checking accounts. Government bonds Currency
QUESTION 46 Time deposits Demand deposits and other checkable deposits Savings deposits Money market mutual funds Traveler's checks $600 billion $400 billion $800 billion $700 billion $30 billion Currency $250 billion Other categories in M2 $20 billion Given the information above, what are the values of M1 and M2? . M1 = $650 billion, M2 - $2,830 billion b.M1 - 5400 billion, M2 = $3,080 billion. CM1 = $680 billion, M2-S2,800 billion d. Mi - 5680 billion, M2 = $3,200...
1.)The ____________ is the sum of currency and reserve deposits, the monetary _________ of the central bank A.)money stock; assets B.)money stock; liabilities C.)monetary base; liabilities D.)monetary base; assets 2.)Time deposits are ______ liquid than savings deposits and typically earn a _________ interest rate than savings deposits. A.)less; higher B.)more; higher C.)more; lower D.)less; lower 3.)If banks must hold $2 in reserves for each $10 in deposits, and the public decides to hold $3 in currency for each $10 in...
and other Year Currency Traveler's checkable Money Sna time Savings MI M2 in checks deposits market deposits deposits mutual funds Circulation 1998 8.5 626.5 728.9 952.4 1,605.0 1,095.5 1999 517.8 8.6 596.2 819.7 956.8 1,740.3 2000 531.2 8.3 548.0 1047.6 1,878.8 4,921.9 2001 8.0 592.6 962.3 976.5 2,312.8 1,181.8 2002 626.3 7.8 585.6 885.3 896.0 5,779.2 2003 662.5 7.7 777.4 818.7 3,169.1 1,306,1 2004 697.6 7.5 671.2 697.1 829.9 2005 723.9 3,518.3 3,621.4 1,374.5 643.4 699.9 995.8 2006 748.9 6.7...
3. Which of the following best characterizes credit cards? a. They are a payment form of money. b. They are part of the M1 money supply. c. They ate a method of deferring payment. d. They are a unit of account. 4. Which of the following is included in Mit a government bonds b. demand deposits c. savings deposits d. travellers' cheques
Checking accounts and deposits are as good as/substitutable for actual cash or currency. What role does this fact play in the money creation process that is inherent to fractional reserve banking?
When translating the financial statements of a foreign operation to presentation currency, which of the following statements is correct with respect to foreign currency translation reserve? Foreign currency translation reserve arises due to: A) All assets and liabilities of the foreign subsidiary being translated at the reporting date spot rate B) Share capital translated using the rate in place when the investment was acquired, while retained earnings is the balance provided from the income statement C) Translation gain, which does...
Ml equals currency + demand deposits + A)nothing else B)othere checkable deposits. C)traveler's checks + other checkable deposits. D)traveler's checks + other checkable deposits -+ savings deposits 2. If you deposit $100 of currency into a demand deposit at a bank, this action by itself A)does not change the money supply. B)increases the money supply. C)decreases the money supply. D)has an indeterminate effect on the money supply. 3. The manager of the bank where you work tells you that your...
Nour company (a U.S. company) began operations on December 1, 2020, when Nour Invested $150,000 of her cash savings in the business. In the first month of operations, Nour had the following transactions: December 3, 2020 Bought inventory for 100,000 foreign currency units (FCU) on account. Must be paid with foreign currency units. December 8, 2020 Sold 60% of inventory acquired on 1/12/20 for 32,000 British pounds on account. Invoice denominated in British pounds December 10, 2020 Paid $3,000 in other operating...
Question 9 (5 points) Which of the following would increase the U.S. demand for foreign currency? an increase in the U.S. demand for foreign goods an increase in incomes abroad a decrease in U.S. incomes a decrease in the U.S. demand for foreign goods an increase in U.S. real interest rates