Which of the Following Is Not a Component of M1

question 27

Multiple Choice

Which of the following is not a component of M1?

• A)Passbook savings accounts balances
• B)Non-bank traveler's checks
• C)Currency
• D)NOW accounts balances

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Definitions:

Business Purposes

The intention behind an action or decision in the context of conducting business.

Selling Shareholders

Investors or entities that own a company's shares and are selling them in a public offering or private sale.

Net Operating Losses

Financial losses that a company reports when its operating expenses exceed its revenues, which can be used for tax relief.

Tax Liability

The total amount of tax owed to the tax authorities by an individual, organization, or company at any given time.