Which of the Following Statements About Traveler's Checks Is True

question 72

Multiple Choice

Which of the following statements about traveler's checks is true?

• A) Traveler's checks are included in M1 but not M2.
• B) Traveler's checks are considered a savings deposit.
• C) Traveler's checks are not money.
• D) Traveler's checks are part of M1 and M2.
• E) Traveler's checks are considered a checkable deposit.

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Definitions:

Asset Misappropriation

The theft or misuse of an organization's assets by employees or others with access.

Counterfeiting

The fraudulent manufacturing or creation of imitation products, currency, or documents with the intent to deceive.

IFRS

International Financial Reporting Standards, which are global accounting guidelines for preparing financial statements.

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting.