All of the Following Are Part of M2 Except One

question 214

Multiple Choice

All of the following are part of M2 except one.Which is the exception?

• A)money market deposit accounts
• B)coins
• C)travelers checks
• D)large denomination time deposits
• E)savings deposits

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Definitions:

Dividends in Arrears

Dividends on preferred shares that have not been paid in the timeframe originally scheduled.

Cumulative Preferred Stock

A type of preferred stock that entitles its holders to receive dividends that were missed in the past, before any dividends can be issued to common stockholders.

Dividend Amount

The sum of money paid by a company to its shareholders out of its profits.

Preferred Stock

A class of ownership in a corporation with a stated dividend that must be paid before dividends to common stockholders.