Which of the Following Is NOT Included in M1

question 514

Multiple Choice

Which of the following is NOT included in M1?

• A) currency
• B) transaction deposits
• C) saving deposits
• D) traveler's checks

Learn about the safeguards for physical and intangible assets.

Know the roles and responsibilities in a company's financial operations.

Understand the importance of documentation in internal controls.

Recognize the various types of endorsements and their purposes.

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Definitions:

Predictable Dividend Payout

Regular, forecastable payments made by a company to its shareholders, usually as a part of the firm's profit sharing mechanism.

Clientele Effect

The theory that a company’s stock price will move according to the demands and preferences of its investors or clientele regarding dividend policies.

Tax-Exempt Institutional

Refers to entities or investment products that do not have to pay federal or state income taxes.

Low Dividend Policy

A corporate practice of distributing minimal portions of the company's earnings to its shareholders as dividends.