Question
A second and broader definition of money includes which of the following?
Multiple choice question.
M1 plus several near-monies
M1 minus several near-monies
M2 plus several near-monies
M2 minus several near-monies
Multiple choice question.
M1 plus several near-monies
M1 minus several near-monies
M2 plus several near-monies
M2 minus several near-monies
Answers
GPT-4o mini
The correct answer is:
**M1 plus several near-monies**
In economics, M2 is a broader definition of the money supply that includes M1 (which consists of cash and checkable deposits) plus near-monies, such as savings accounts, time deposits, and other liquid assets. Hence, the inclusion of near-monies in addition to M1 falls under this broader definition.
**M1 plus several near-monies**
In economics, M2 is a broader definition of the money supply that includes M1 (which consists of cash and checkable deposits) plus near-monies, such as savings accounts, time deposits, and other liquid assets. Hence, the inclusion of near-monies in addition to M1 falls under this broader definition.