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:

Period Cost

Costs not directly associated with production, charged as expenses during the period they arise.

Product Costs

Costs directly associated with the manufacturing of products, including direct materials, direct labor, and manufacturing overhead.

Period Costs

Expenses that are not directly tied to the production process and are expensed in the period they are incurred.

Indirect Materials

Supplies used in the production process that are not directly traceable to a finished product.