ZuoTi.Pro
Question

Do federal gold reserves count as M1 money? A. No, gold is not part of M1...

  1. Do federal gold reserves count as M1 money?

    A.

    No, gold is not part of M1 money
    B.

    No, but gold is included in M2 money
    C.

    Yes, gold is counted as part of checkable deposits
    D.

    Yes, gold is counted as part of currency
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

A) No, gold is not part of M1 money

M1 money includes coins and currency which is circulation in the economy , it includes liquid assets .

THANK YOU..............

0 0
Add a comment
Know the answer?
Add Answer to:
Do federal gold reserves count as M1 money? A. No, gold is not part of M1...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Which of the following is part of the M2 definition of the money supply, but not...

    Which of the following is part of the M2 definition of the money supply, but not part of M1?a. Checkable depositsb. Currency held in banksc. Currency in circulationd. Money market mutual fund shares

  • Gold, silver, and furs, when used as money, are referred to as    a- fiat money b-precious...

    Gold, silver, and furs, when used as money, are referred to as    a- fiat money b-precious money c-paper currency d-commodity money The money supply is considered to be M1. M1 consists of what? a-currency + checking account balances + saving account balances    b-currency + checking account balances + travelers' checks    c-currency + checking account balances + credit cards    d-currency + credit cards + certificates of deposit    e-currency only   The main purpose of financial intermediaries is that a-the process of finding...

  • 1.) Gold, silver, and furs, when used as money, are referred to as fiat money precious...

    1.) Gold, silver, and furs, when used as money, are referred to as fiat money precious money paper currency commodity money exchange money 2.) The money supply is considered to be M1. M1 consists of what? currency + checking account balances + saving account balances currency + checking account balances + travelers' checks currency + checking account balances + credit cards currency + credit cards + certificates of deposit currency only 3.) The main purpose of financial intermediaries is that...

  • Which measurement of money supply are checkable deposits included in? - only M1 BUT NOT M2...

    Which measurement of money supply are checkable deposits included in? - only M1 BUT NOT M2 -ONLY m2 but not m1 -neither m1 nor m2 - both m1 and m2

  • 1) Which of the following is not a form of commodity money? a) cigarettes b) All...

    1) Which of the following is not a form of commodity money? a) cigarettes b) All of these c) checks d) precious stones 2) Legal tender is a) money that a government has required to be accepted in settlement of debts. b) money that has a value other than as a currency. c) money that must be backed by gold. d) money that must be accepted as payment for goods and services. 3) Sarafina withdraws $450 from her saving account...

  • 37) Fiat money means A) the money that has intrinsic value. B) only currency counts as...

    37) Fiat money means A) the money that has intrinsic value. B) only currency counts as money. C) the money can be converted into gold. D) the government has decreed that something is money. 38) M1 is composed of A) currency held by individuals and businesses, traveler's checks, and the credit line on credit cards. B) currency held by individuals and businesses, traveler's checks, and demand deposits owned by individuals and businesses C) currency inside of banks, traveler's checks, and...

  • Assume that the following asset values in millions of dollars) exist in Ironmania: Category Federal Reserve...

    Assume that the following asset values in millions of dollars) exist in Ironmania: Category Federal Reserve Notes in circulation Money market mutual funds (MMMFS) held by individuals Corporate bonds Iron ore deposits Currency in commercial banks Savings deposits, including money market deposit accounts (MMDAS) Checkable deposits Small-denominated (less than $100,000) time deposits Coins in circulation Value $700 400 300 50 100 140 1500 100 40 a. What is M1 in Ironmania? $ to million ht b. What is M2 in...

  • The government of Broncoland uses monetary policy tools similar to the Federal Reserve System of the...

    The government of Broncoland uses monetary policy tools similar to the Federal Reserve System of the United States and defines its monetary aggregates the same way as the Federal Reserve System of the United States. The required reserve ratio in Broncoland is 10%. The following information also applies to the government of Broncoland: Bank deposits at the central bank = $200 million Currency held by the public = $150 million Currency in bank vaults = $100 million Checkable bank deposits...

  • The Federal Reserve specifies a percentage of checkable deposits that banks hold must hold as reserves...

    The Federal Reserve specifies a percentage of checkable deposits that banks hold must hold as reserves (required reserves), which is called the required reserve ratio. Excess reserves are reserves that banks hold over and above the required reserves and can make loans. Suppose that Bank A has an increase in checkable deposits of $100 million and the required reserve is 10%. How much money can Bank A create by making loans? How much money can the banking system as a...

  • Items 1. Money market mutual funds held by individuals 2. Savings deposits, including money market deposit...

    Items 1. Money market mutual funds held by individuals 2. Savings deposits, including money market deposit accounts 3. Money market mutual funds held by businesses 4. Currency held by the public 5. Small time deposits 6. Checkable deposits Refer to the accompanying list. Which items are included in the M2 money supply but not the M1 money supply?

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT