Which Item Is Included in M1

question 183

Multiple Choice

Which item is included in M1?

• A)Large-denomination certificates of deposit
• B)Money market deposit accounts
• C)Passbook savings account balances
• D)Travelers checks

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Definitions:

Personnel Expenses

Costs incurred by a business related to employing staff, including wages, benefits, training, and other related expenses.

Client-Visits

The number of times clients or customers visit a business or service provider within a given time period.

Planning Budget

A budget prepared for a specific level of activity; it may be adjusted as activity levels change.

Administrative Expenses

Costs associated with the general administration of a business, such as salaries of executive staff and office supplies.