Checkable Deposits Are Included in

question 212

Multiple Choice

Checkable deposits are included in

• A) M1 but not in M2.
• B) M2 but not in M1.
• C) both M1 and M2.
• D) neither M1 nor M2.

---

Definitions:

Stockholders' Equity

The interest left in a corporation's assets, after removing its obligations, which indicates the ownership share.

Assets

Resources owned by a company that have economic value and can be used to meet its financial obligations.

Liabilities

Financial obligations or debts owed by a business or individual.

Natural Business Year

A fiscal year that ends when a business’s activities are at their lowest point in its annual cycle, typically determined by the nature of the business.