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  • M1 And M2
  • M1 and M2
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M1 and M2

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2024/2025 Written for academic year
Institution M1 And M2
Course M1 and M2
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Exam of 2 pages for the course M1 and M2 at M1 and M2 (M1 and M2)

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M1 and M2 Q&A
M1 - (correct answer)currency in circulation
travelers checks

demand deposits

other checkable deposits



M2 - (correct answer)M1

money market mutual funds

savings deposits
small denomination time deposits



small denomination time deposits - (correct answer)certificates of deposit with a
denomination of less than 100k



in order to be a medium of exchange... - (correct answer)must be widely accepted,
easily divisible, easily standardized, not deteriorate quickly, easy to carry



commodity money - (correct answer)made of precious metals or another valuable
commodity, very heavy and hard to transport



fiat money - (correct answer)paper currency decreed by government as legal tender but
not convertible into coins or precious metal, only can be accepted as a medium of
exchange if there is trust in the authority who issues it and if counterfeiting is hard



check - (correct answer)instruction from you to your bank to transfer money from your
account to someone else's account when she deposits the check



electronic payment - (correct answer)pay bills online

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Uploaded on
October 31, 2024
Number of pages
2
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers
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