Below Is a List of Financial Assets

question 28

Multiple Choice

Below is a list of financial assets:
1.Certificates of deposit
2.Notice deposits (savings accounts)
3.Currency (coins and paper money)
4.Demand deposits (chequing accounts)
5.Government securities
6.Gold certificates
-Refer to the information above to answer this question.Which item(s) is included in the M2 definition of money?

• A)Items 1,2,3 and 4.
• B)Items 3,4 and 6.
• C)Items 2,3 and 4.
• D)Items 2,3,4 and 6.
• E)Items 3,4,and 5.

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Definitions:

RUPA

stands for the Revised Uniform Partnership Act, which governs the operation of partnerships in the United States.

Winding Up

In partnership and corporation law, the orderly liquidation of the business’s assets.

Nonwrongful Dissociation

The act of separating oneself from a partnership, company, or other legal entity without breaching the terms of the agreement or engaging in improper conduct.

Past Debts

Obligations or amounts of money owed that were incurred in the past.