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Demand deposits are Select one: a. categorized as belonging to M2 money supply. b. not...

Demand deposits are
Select one:
a. categorized as belonging to M2 money supply.
b. not usually considered as part of a country's money supply.
c. categorized as belonging to M1 money supply.
d. backed by gold but not convertible into it?

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Answers (1)

isaaq
6 days ago
Answer
c. categorized as belonging to M1 money supply.

A demand deposit is an account with a bank or other financial institution that allows the depositor to withdraw his or her funds from the account without warning or with less than seven days' notice. Demand deposits are a key component of the M1 money supply calculated by the Federal Reserve
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