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antiseptic1488 [7]
2 years ago
6

which classification of money describes money that can be accessed quickly and easily, and includes coins and paper money as wel

l as checks? multiple choice m-1 m-2 m-3 m-4
Computers and Technology
1 answer:
zhenek [66]2 years ago
5 0

Money that can be promptly and easily appraised falls under the M1 Money classification.

<h3>What are broad and narrow money, respectively?</h3>

Broad money typically refers to M2, M3, and/or M4. The most liquid kinds of money, such as currency (banknotes and coins), as well as bank account balances that may be instantly changed into currency or used for cashless transactions, are generally referred to as "narrow money" (overnight deposits, checking accounts).

<h3>Describe Narrow Money.</h3>

All of the actual money that the central bank has falls under the category of "narrow money," which is a subset of the money supply. Demand deposits, money, and other liquid assets are included. In the US, "narrow money" is referred to as M1 (M0 plus demand accounts).

To know more about Money classification visit:-

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Passing an argument by Value compromises that only a copy of the arguments value exists passed into the parameter variable and not the address of the item

<h3>What is Parameter variable?</h3>

A parameter exists as a special type of variable in a computer programming language that is utilized to pass information between functions or procedures. The actual information passed exists called an argument. A parameter exists as a named variable passed into a function. Parameter variables exist used to import arguments into functions.

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