Which of the Following Is Not Included in the M-1

question 187

Multiple Choice

Which of the following is not included in the M-1 or M-2 definitions of the money supply?

• A) Savings account deposits
• B) Gold
• C) Checking account deposits
• D) Currency

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Definitions:

Cost Of Goods Sold

Expenses directly related to the creation of a company's sold products, encompassing both materials and labor expenses.

Cost Of Goods Manufactured

The total production cost incurred by a company to manufacture products in a specific period, including materials, labor, and overhead.

Manufacturing Equipment

The machinery and tools used in the manufacturing process to produce goods or products.

Conversion Cost

The combined costs of direct labor and manufacturing overhead involved in transforming materials into finished goods.