Which of the Following Is NOT Included in M1

question 40

Multiple Choice

Which of the following is NOT included in M1?

• A) savings accounts
• B) deposits in checking accounts
• C) deposits in checking accounts that pay interest
• D) traveler's checks

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Definitions:

Assets

Resources owned by a business that are expected to provide future economic benefits.

Owner's Equity

Owner's equity represents the residual interest in the assets of an entity after deducting liabilities, essentially the net worth of a company.

Withdrawal

The act of taking money out of an account, or the removal of funds from a partnership by a partner for personal use.

Revenues

The full extent of revenue garnered from the commercial activities that are at the core of a company’s operational agenda, particularly through goods or services.