M2________

question 415

Multiple Choice

M2________ .

• A) is a broader measure of money than M1
• B) does not include checking deposits held at credit unions
• C) does not include travelerʹs checks
• D) does not include currency

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Definitions:

Operating Income

Earnings from a company's principal business activity, excluding expenses and revenues from non-operational sources.

Operating Income

A measure of a company's earning power from ongoing operations, equal to revenues minus operating expenses, but before taxes and interest.

Margin Of Safety

Indicates the possible decrease in sales that may occur before an operating loss results.

Variable Costs

Costs that change in proportion to the level of activity or production volume.