Author Question: In the United States, the money supply (M1) consists of: a. paper currency and coins. b. coins, ... (Read 42 times)

washai · **on:** Jun 30, 2018

In the United States, the money supply (M1) consists of:
a. paper currency and coins.
b. coins, paper currency, checkable deposits, and traveler's checks.
c. paper currency, coins, checkable deposits, and savings deposits.
d. government bonds, currency, checkable deposits, and traveler's checks.

Question 2

In a market economy, the three economic questions are answered by which of the following?
a. Prices determined by the interaction of the forces of supply and demand.
b. A cartel of major transnational corporations, government agencies, and consumer advocates.
c. A trilateral commission of major corporations, the military, and elite university professors.
d. A central authority such as people's committee, a government agency, or a dictator.