Which One of the Following Is NOT a Part of the M1

question 311

Multiple Choice

Which one of the following is NOT a part of the M1 definition of money?

• A) paper currency (i.e., Federal Reserve notes)
• B) coins
• C) savings accounts
• D) checkable and debitable accounts

---

Definitions:

Break-even

The point at which total costs equal total revenues, resulting in no net loss or gain for the business.

Monthly Unit Sales

The number of units of a product sold in a particular month.

Break-even Point

The financial state in which total revenues equal total expenses, and there is no profit or loss.

Variable Cost

Costs that vary directly with the level of production or the volume of services provided.