Which of the Following Is Not Included in M1+ but Is

question 87

Multiple Choice

Which of the following is not included in M1+ but is included in M1++?

• A) Currency outside banks
• B) Currency held by banks
• C) Chequable deposits at banks, TMLs and CUCPs
• D) Nonchequable deposits at banks, TMLs and CUCPs

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Definitions:

Current Asset

Assets that are expected to be converted into cash, sold, or consumed in the business within a year or within the operating cycle.

Operating Expenses

Expenses incurred through normal business operations, such as salaries, rent, utilities, and office supplies, which are not directly tied to the production of goods or services.

Sales Revenue

Sales Revenue is the income received by a company from its sales of goods or the provision of services, before any costs or expenses are deducted.

Gross Profit Rate

The ratio of gross profit to net sales, representing the efficiency with which a company uses its resources to produce goods and services.