Values of Assets -Refer to Value of Assets

question 51

Multiple Choice

Values of Assets
$\begin{array}{lc}\text { Asset } & \text { Amount in } \$ \text { Billions } \\\text { Small time deposits } & 780 \\\text { Large time deposits } & 1,700 \\\text { Demand deposits } & 450 \\\text { Other checkable deposits } & 370 \\\text { Savings deposits } & 4950 \\\text { Traveler's checks } & 5 \\\text { Money market mutual funds } & 740 \\\text { Currency } & 880 \\\text { Miscellaneous categories of M2 } & 50\end{array}$

-Refer to Value of Assets. What is the value of M1 in billions of dollars?

• A)1705
• B)2485
• C)6295
• D)7075

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Definitions:

Payroll Register

A detailed document that lists employees' pay rates, hours worked, deductions, and net pay during a pay period.

Total Net Pay

The amount of money an employee receives after all deductions, including taxes and benefits, have been subtracted from their gross pay.

Payroll Checks

Payroll checks are written documents issued by an employer to pay an employee for services rendered.

Special Bank Account

A bank account designated for a specific purpose or to handle particular types of transactions, separate from general accounts.