Which of the Following Is Included in M2, but Not

question 123

Multiple Choice

Which of the following is included in M2, but not included in M1?

• A) checkable deposits
• B) travelers checks
• C) currency held by the public
• D) money market accounts

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Definitions:

Account Type

Categories within accounting systems that classify financial transactions, such as assets, liabilities, revenue, and expenses.

Alphabetically

Arranging words or items based on the sequence of the letters in the alphabet.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's actual profitability.

Revenues

The total income that a business generates from its normal business activities, usually from the sale of goods and services to customers.