Which of the following is not included in M1? Question 8 options: checkable depo

Question

Which of the following is not included in M1? Question 8 options:

checkable deposits (checking accounts)

savings deposits (savings accounts)

currency and coins in circulation

demand deposits

Required reserves are the amount of

Question 9 options:

reserves a bank must hold against all its assets as mandated by the Federal Reserve.

reserves a bank must hold against its deposits as mandated by the Federal Reserve.

cash a bank must hold against its deposits as mandated by the Federal Reserve.

checkable deposits a bank must hold against all other deposits as mandated by the U.S. Treasury.

Fractional reserve banking is a term used to describe a banking system whereby

Question 10 options:

individual banks share a fraction of the total funds deposited in the whole banking system.

banks are required to quote interest rates in fractions.

banks hold reserves equal to a multiple of their deposit liabilities; that is, fractional in this case really means multiple.

banks hold reserves equal to only a fraction of their deposit liabilities.

banks are required to maintain a certain fraction of their deposits in the form of checkable deposits, a certain fraction of their deposits in the form of savings deposits, etc.

reserves a bank must hold against all its assets as mandated by the Federal Reserve.

reserves a bank must hold against its deposits as mandated by the Federal Reserve.

cash a bank must hold against its deposits as mandated by the Federal Reserve.

checkable deposits a bank must hold against all other deposits as mandated by the U.S. Treasury.

Fractional reserve banking is a term used to describe a banking system whereby

Question 10 options:

individual banks share a fraction of the total funds deposited in the whole banking system.

banks are required to quote interest rates in fractions.

banks hold reserves equal to a multiple of their deposit liabilities; that is, fractional in this case really means multiple.

banks hold reserves equal to only a fraction of their deposit liabilities.

banks are required to maintain a certain fraction of their deposits in the form of checkable deposits, a certain fraction of their deposits in the form of savings deposits, etc.

Explanation / Answer

Answer ) Q1. savings deposits (savings accounts)

Q2. reserves a bank must hold against its deposits as mandated by the Federal Reserve.

Q3. banks hold reserves equal to only a fraction of their deposit liabilities.

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