Money Market Mutual Funds Are Included in

question 69

Multiple Choice

Money market mutual funds are included in

• A)M1 but not M2.
• B)M1 and M2.
• C)M2 but not M1.
• D)neither M1 nor M2.

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Definitions:

Equipment Sold

Refers to assets that were once part of a company’s operational resources but have been disposed of in exchange for cash or other assets.

Accounts Receivable

Amounts owed to a company by customers for goods or services that have been delivered or used but not yet paid for.

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash transactions occur.

Cash Basis

An accounting method where revenue is recorded when cash is received, and expenses are recorded when cash is paid out, without regard to when the transactions actually occur.