16. Which of the following is not a component of M4 money supply?
a) Currency in circulation
b) Demand deposits
c) Savings deposits
d) Time deposits
e) Large time deposits
17. Which of the following would be considered part of the narrowest definition of money supply?
a) Currency in circulation
b) Demand deposits
c) Small time deposits
d) Treasury bills
18. Which of the following would be considered part of the broadest definition of money supply?
a) Currency in circulation
b) Demand deposits
c) Large time deposits
d) Mortgage-backed securities
19. Which term describes the actual cash held by individuals and businesses?
a) Currency in circulation
b) Nominal money supply
c) Real money supply
d) Liquidity
20. Which term refers to the total amount of money in circulation or existing in an economy at a given time?
a) Currency in circulation
b) Nominal money supply
c) Real money supply
d) Liquidity
