Checkable Deposits Are

question 36

Multiple Choice

Checkable deposits are

• A) included in M1.
• B) not included in either Ml or M2.
• C) considered to be a near money.
• D) also called time deposits.

---

Definitions:

Year Ended

The conclusion of a 12-month accounting period, at which financial statements are prepared to summarize the year's transactions.

Direct Materials Used

The cost of raw materials that are directly involved in the production of goods.

Raw Materials

The basic materials and components required at the start of the production process to manufacture goods.

Total Manufacturing Costs

The sum of all costs directly associated with the production of goods, including raw materials, direct labor, and manufacturing overhead.