The M1 definition of the money supply includes:
a. coins and currency in circulation.
b. coins and currency in circulation and checkable deposits.
c. Federal Reserve notes, gold certificates, and checkable deposits.
d. Federal Reserve notes and bank loans.
Question 2
Adam Smith's book, The Wealth of Nations, was published at the time of the:
a. War of 1812 b. U.S. Declaration of Independence.
c. U.S. Civil War. d. Great Depression.