The money supply that consists of currency, transaction deposits, ...

[B]

The money supply that consists of currency, transaction deposits, and traveler's checks is
 
  A) the fiduciary monetary system. B) M1.
  C) M2. D) the liquidity approach.

Question 2

If an economy is producing a level of output which is lower than the equilibrium level, planned expenditures ________ total output and ________ goods and services are being produced than are being demanded.
 
  A) exceed; fewer B) are less than; more
  C) are less than; fewer D) exceed; more

[Yixagurpuldink]

Answer to Question 1

B

Answer to Question 2

A