Which of the Following Is Included in M2,but Not in M1

question 38

Multiple Choice

Which of the following is included in M2,but not in M1?

• A) currency (outside the Bank of Canada and the vaults of depository institutions)
• B) travelers' cheques
• C) demand deposits
• D) personal savings deposits
• E) nonpersonal notice deposits

---

Definitions:

Target Profit

The amount of net income a company aims to achieve for a specific period as part of its financial and operational planning.

Fixed Expense

Costs that do not change with the level of goods or services produced by the business, such as rent or salaries.

Break-even Point

The point at which total revenue equals total costs, resulting in no profit and no loss for the business.

Sales Dollars

This term represents the total amount of revenue a company generates from the sale of its goods or services, expressed in dollars.