aq27Feb - is; if this was included, we would be double...

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27 February Which of the following are NOT included in the definition of M1 money? a. Dollar bills held by the public b. US coins held by the public c. Balances in accounts with banks you can write checks on d. Currency in the teller’s drawer in a bank : this is not part of M1, because c. above
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Unformatted text preview: is; if this was included, we would be double counting and when you took cash out of your checking account, the money supply would go down although obviously it does not. Only currency outside the banks is part of the money supply. e. Travelers checks...
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This note was uploaded on 05/22/2011 for the course ECO 2013 taught by Professor Denslow during the Spring '05 term at University of Florida.

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