M4 is a __________ measure of money and includes deposits at both __________ and _________?
Correct answer: D. Wide, banks building societies
- A. narrow, banks, building societies
- B. wide, banks insurance companies
- C. Narrow, banks insurance companies
- D. Wide, banks building societies
Explanation
M4 is a broad or wide measure of money because it includes liquid deposits held with banks and building societies. Insurance-company deposits are not the standard component in this definition.
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