M1 Includes All the Following Items Except ________

question 473

Multiple Choice

M1 includes all the following items except ________.

• A) checking deposits owned by individuals and businesses
• B) traveler's checks
• C) deposits in money market mutual funds
• D) currency owned by individuals and businesses

---

Definitions:

Sold

The act of exchanging a product or service for money or other consideration.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to each number.

Shares Outstanding

The total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Mill Rates

The amount of tax payable per dollar of the assessed value of a property, used in calculating local property taxes.