Which of the Following Is NOT Included in the M1

question 513

Multiple Choice

Which of the following is NOT included in the M1 measure of money?

• A) currency held in bank vaults
• B) checking deposits at commercial banks
• C) currency held outside banks
• D) checking deposits at credit unions

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Definitions:

Authority

The power or right given to an individual or body to make decisions, issue commands, and enforce obedience within a specific scope or area.

Physical Controls

Security measures that are implemented to protect assets, including locks, surveillance cameras, and alarm systems.

Safeguard Assets

Measures or strategies implemented by a company to protect its assets from theft, damage, or misuse.

Automated System

A setup or process where tasks are performed with minimal human intervention, often through the use of technology or machinery.