ECO343
M1 + Savings deposits is known as
Answer: m2
Holding money for unforeseen opportunities is known as motive
Answer: precautionary
The Cambridge demand equation is given as
Answer: md = kpy
Cash that can be withdrawn by drawing cheques on them is referred to as
Answer: demand deposit
The total amount of monetary assets available in an economy at a specific time referred to as
Answer: money stock
Which of these is not an instrument of monetary policy
Answer: selective credit controls
Factors influencing the money supply include all except
Answer: investment
measures how much increase in money supply occurs due to increase in cash or currency
Answer: deposit multiplier
Another name for currency money is
Answer: fiat money
Fixed deposits of customers in a commercial bank is referred to as
Answer: time deposit
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