Which of the Following Is NOT Part of M1

question 225

Multiple Choice

Which of the following is NOT part of M1?

• A) Credit cards
• B) Checking accounts
• C) Currency
• D) Traveler's checks

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Definitions:

Fair Debt Collection Practices Act

A U.S. federal law designed to protect consumers from abusive, deceptive, and unfair debt collection practices.

Written Agreement

A documented accord between two or more parties, outlining terms and conditions to which they have mutually consented.

Terms of Payment

The conditions under which a seller will complete a sale, typically specifying the period allowed to a buyer to pay for the goods or services received.

Equal Credit Opportunity Act

A United States federal law ensuring all consumers are given an equal chance to obtain credit, regardless of race, religion, national origin, sex, or marital status.