Business, 05.08.2019 19:30, jaimon8729

M1 includes more than just currency because
a. other assets can also be used to make transactions to buy goods and services.
b. people hold money as other stores of value such as savings accounts and money market mutual funds.
c. the federal mint makes a profit from printing currency as dollar bills.
d. the government wants to be able to quote that there is a large amount of money in the economy.

Answers: 1

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M1 includes more than just currency because
a. other assets can also be used to make transact...