quiz 4/7/2025 Flashcards
1
Q
4 forms of money
A
currency
checking accounts
saving accounts
money market mutual funds
2
Q
what is the criteria for money?
A
assets that are widely used as payments
or
can easily be converted into widely used as payments with LITTLE LOSS IN VALUE
3
Q
monetary base
A
currency + reserve deposits
4
Q
m1
A
currency + checkable deposits
5
Q
m2
A
M1
saving deposits
Money marker mutual funds
6
Q
define money
A
money is a widely accepted means of payment, used to buy goods & services.
