6. The M1 definition of the money supply consists of a. coins and currency in circulation. b....

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6. The M1 definition of the money supply consists of

a. coins and currency in circulation.

b. coins and currency in circulation, checkable deposits, and traveler’s checks.

c. Federal Reserve notes, gold certificates, and checkable deposits.

d. Federal Reserve notes and bank loans.

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Economics For Today

ISBN: 9781594632914

6th Edition

Authors: Irvin B. Tucker

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