Which two (2) of the following are included in the Australian money supply M3? (All items...

Transcribed Image Text:

Which two (2) of the following are included in the Australian money supply M3? (All items are in Australia unless otherwise specified.) (Note: You can select multiple answers.) ☐ €2000 deposit in Germany held by an Australian citizen. $500 household savings in a three-month term deposits at a commercial bank. $2,000 value in stocks held by households. A $1000 line of credit extended by a bank to a small business. ✔ A $500 household demand deposits in a bank (saving account with a debit card). O $6000 value in fleet vehicles held by firms. Which two (2) of the following are included in the Australian money supply M3? (All items are in Australia unless otherwise specified.) (Note: You can select multiple answers.) ☐ €2000 deposit in Germany held by an Australian citizen. $500 household savings in a three-month term deposits at a commercial bank. $2,000 value in stocks held by households. A $1000 line of credit extended by a bank to a small business. ✔ A $500 household demand deposits in a bank (saving account with a debit card). O $6000 value in fleet vehicles held by firms.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The two items included in the Australia... View the full answer