Small Denomination Time Deposits Are Included in

question 3

Multiple Choice

Small denomination time deposits are included in

• A)M1 only.
• B)M2 only
• C)M1 and M2.
• D)M2 and M3.
• E)M1,M2,and M3.

---

Definitions:

Cost of Goods Sold

The direct costs tied to the production of goods sold by a company, including both raw materials and labor costs.

Collections

The process of receiving payments from customers or the amounts collected on outstanding accounts receivable.

Cash Receipts

The total amount of cash collected by a business over a period of time, including revenues and other forms of cash inflows.

Cash Disbursements

Money paid out by a company for various purposes, including operating expenses, investment transactions, and other payouts.