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A new Finance Minister proposes to add 10-year fixed deposits to the M1 definition of money supply. Economists disapprove because items counted in M1
A new Finance Minister proposes to add 10-year fixed deposits to the M1 definition of money supply. Economists disapprove because items counted in M1 are widely accepted as payment. exclude all deposits in banks. should be decided by economists. do not pay interest.
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Exploring Economics
Authors: Robert L Sexton
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