^{Which of the Following Is Included in the Computation Of}

question 3

Multiple Choice

^{Which of the following is included in the computation of M}1^?

• A) small savings accounts under $100,000
• B) large savings accounts over $100,000
• C) holdings in money market mutual funds
• D) holdings of government securities
• E) none of the above

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Definitions:

Barter

The exchange of goods and services between parties without the use of money as a medium of exchange.

Bank Credit Cards

Financial instruments issued by banks that allow users to borrow funds from a pre-approved limit to purchase items or withdraw cash.

Bank Of America

A multinational investment bank and financial services holding company based in the United States, serving millions of customers worldwide.

Riegle-Neal Interstate Banking

Legislation passed in the United States in 1994 that allowed bank holding companies to acquire banks in other states, effectively removing barriers to interstate banking.