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The narrowest definition of the money supply includes:

Answer choices :
a. stocks and bonds.
b. currency in circulation, checkable bank deposits, and traveler's checks.
c. mortgages and insurance policies.
d. currency in bank vaults.

User ClayRay
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1 Answer

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Answer:

The narrowest definition of the money supply includes b. currency in circulation, checkable bank deposits, and traveler's checks.

Step-by-step explanation:

The money supply -or money stock- can be defined, in the simplest way, as the entire stock of currency and other liquid instruments available in an economy at a given time. Therefore, the money supply includes coins and cash, as well as other "liquid instruments" or money substitutes like bank deposits and travaler's checks.

User Ikky
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