If Traveler's Checks Were $1000 Higher and Saving Deposits Were

question 30

Multiple Choice

If traveler's checks were $1000 higher and saving deposits were $500 higher, M1 would be

• A)$500 higher and M2 would be $1,500 higher.
• B)$1,000 higher and M2 would be $1,500 higher.
• C)M2 and M1 would be $1,500 higher.
• D)$1,000 high and M2 would be $500 higher.

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Definitions:

Automatic-Perfection Period

A specified timeframe following the attachment of a security interest during which the interest is considered perfected without filing.

Perfected

In legal and financial contexts, refers to having completed all necessary legal steps to enforce rights regarding a security interest against third parties.

Proceeds

The total amount of money or assets derived from a transaction, such as the sale of goods, property, or a business activity.

Collateral

An asset pledged as security for the repayment of a loan, forfeitable in the event of a default.