Author Question: M1 differs from M2 because ________. A) M2 includes components that are less liquid than any ... (Read 51 times)

tsand2 · **on:** Jun 30, 2018

M1 differs from M2 because ________.

A) M2 includes components that are less liquid than any component of M1
B) M1 does not include savings deposits and M2 does
C) M1 is included in M2 but M2 has more components
D) all of the above
E) none of the above

Question 2

Which of the following properties must a good have to be used as money?

A) It should be a durable good.
B) It should be issued by a government of central bank.
C) It should have intrinsic value.
D) It should be shiny.