The narrowly-defined money supply in the U.S., called M1, does ...

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The narrowly-defined money supply in the U.S., called M1, does not include which of the following?
 
  A) Coins in circulation
  B) Currency in circulation
  C) Currency in the vaults of commercial banks
  D) Demand deposit liabilities of commercial banks

Question 2

Exit of a firm refers to:
 
  A) a short-run decision by a firm to not produce anything.
  B) a long-run decision by a firm to leave the market.
  C) a refusal to work organized by a group of employees at the firm.
  D) an exclusion of employees of a firm from their place of work until certain terms are agreed upon by them.

[CourtneyCNorton]

Answer to Question 1

C

Answer to Question 2

B