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