The supply of money refers to the total amount of all forms of money in circulation in a country at a given period of time. This includes coins, paper money, Travellers cheque etc.
This are used in making payments and for the settlement of debt. In developed countries bank deposit constitutes 90% of the money supply.
In economics, the term M1 refers to very liquid money supply (money that is easy to get to) that includes the following:
physical currency (coins and paper money)
demand deposits,
traveler's checks,
other checkable deposits.
On the other, hand, M2 is less liquid money supply and it includes M1 plus:
savings and time deposits,
certificates of deposits,
money market funds.
In general terms, the main difference between these two is how easy is to get access to them, M1 is more accessible (more liquid) than M2.
The question asks us about the <u>money supply that includes coins, paper money, traveler's checks, conventional checking accounts and checkable deposits. </u>We can see that all these refers to the most easily accessed money supply and thus <u>this is the definition of M1</u>
The correct answer is Polynesians. The Lapita branched off into two different cultural groups, the Maori and the Polynesians. The Lapita tradition was a historic people of Pacific Ocean. The Lapita were the most advanced people during their day.
<span>An ANAGRAM problem requires the reorganization of groups of letters to form words. Some anagrams have multiple solutions and you would need to use context clues to choose the correct one.</span>
The U.S. National Longitudinal Survey of Youth showed a small but significant positive correlation between youths' intelligence test scores and their subsequent income levels.
Option: (B)
<u>Explanation:
</u>
The potential and the eligibility to work in the industries of specific knowledge fields are mostly determined by the employers by testing how intelligent the candidate is.
The more intelligent the candidate the more would be his chances of getting employed for a better pay rate.
Thus, there is an observable positive correlation between the youths' intelligence test scores and their subsequent income levels.
