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econ 102 > Money > Flashcards

Money Flashcards

1
Q

M1+

A

consists of currency and demand deposits (chequable deposits) held by individuals and businesses (excluding banks and the government

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2
Q

M2

A

consists of M1 + all other deposits – saving deposits (personal and non-personal non-chequable deposits) and term deposits.

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3
Q
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econ 102 (14 decks)

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