d. In which monetary aggregate(s) calculated by the Federal Reserve are checkable deposits included? Answer (6 points)

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d. In which monetary aggregate(s) calculated by the Federal Reserve are checkable deposits included?

Answer (6 points)

1 point: It can be easily converted into cash.

1 point: A Federal Reserve note 1 point: It is already cash.

1 point: A house 1 point: It takes time and resources to sell a house.

1 point: M1 and M2

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Krugmans Economics For Ap

ISBN: 9781429218276

2nd Edition

Authors: Margaret Ray, David A. Anderson

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