Author Question: By definition, M1 includes: a. savings accounts. b. money market mutual accounts. c. small ... (Read 74 times)

awywial · **on:** Jun 30, 2018

By definition, M1 includes:
a. savings accounts.
b. money market mutual accounts.
c. small denomination time deposits.
d. checkable deposits.

Question 2

According to Adam Smith, the invisible hand refers to which of the following?
a. The best interests of society (public interest) will occur as an outcome of the market process coordinating the self-interested interactions of buyers and sellers (private interest).
b. Government interference is the invisible hand of inefficiency.
c. Bribes and graft is the invisible hand of inefficiency.
d. The best interests of society will occur as an outcome of careful guidance by government authorities in allocating scarce goods and services.