The Largest Component of M1 Is

question 86

Multiple Choice

The largest component of M1 is

• A)personal chequable deposits.
• B)currency outside banks.
• C)fixed term deposits.
• D)non- personal chequable deposits.
• E)non- personal non- chequable deposits.

---

Definitions:

Direction of Attention

The management and focus of cognitive resources on specific stimuli while ignoring others, crucial for effective task performance.

Efforts

Initiatives or exertions of physical or mental energy towards achieving specific objectives.

Profit-Sharing Programs

Compensation schemes where employees receive a share of the company's profits, usually in addition to their regular salary.

Reward System

A structured scheme for the distribution of benefits, such as money, benefits, or recognition, to individuals based on their contributions to organizational or group objectives.