Which of the Following Is Not a Component of M2

question 117

Multiple Choice

Which of the following is not a component of M2?

• A) currency
• B) traveler's checks
• C) checking accounts
• D) savings accounts
• E) gold

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Definitions:

Freight In

The cost of transporting goods into a business, usually included in the cost of inventory.

Freight In Account

An accounting term used to describe the costs associated with transporting goods into a business, typically included as part of inventory costs.

Merchandise Purchased

Represents the total cost of goods bought for resale during a specific accounting period.