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In most economies, which one is true: M1 is the same as MB M1 is less...

In most economies, which one is true:

M1 is the same as MB

M1 is less than MB

M1 is greater than MB

M1 has no correlation to MB

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Answer #1

M1 is greater than MB

Explanation: MB is the monetary base and it includes the amount of currency in circulation. M1 includes MB and checking account balances.

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