M2 Does NOT Include

question 31

Multiple Choice

M2 does NOT include

• A)Treasury bonds.
• B)passbook savings accounts.
• C)small-denomination time deposits.
• D)M1.

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Definitions:

Deposit In Transit

Funds that have been deposited by a company but not yet credited to its bank account.

Ledger

A comprehensive collection of a company's financial accounts.

Petty Cash Fund

A small amount of cash kept on hand by a business for making immediate payments for miscellaneous small expenses.

Journal Entries

The basic means of recording financial transactions in the accounting records, consisting of debits and credits to various accounts.