What Percentage of M1 Is Currency

question 79

Multiple Choice

What percentage of M1 is currency?

• A)50 percent
• B)10 percent
• C)75 percent
• D)100 percent
• E)30 percent

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Definitions:

Accounts Payable

The amount of money that a company owes to its creditors or suppliers for goods and services received but not yet paid for.

Net Income

The total earnings of a company after deducting all expenses, taxes, and losses.

Cash Ratio

A liquidity metric that measures a company’s ability to cover its short-term liabilities with its cash and cash equivalents.

Current Ratio

A measure of a business's capability to settle short-term debts, calculated as the ratio of current assets to current liabilities.