Refer to the Following Table to Answer the Following Questions

question 13

Multiple Choice

Refer to the following table to answer the following questions:
-The largest component of M2 is

• A) savings deposits.
• B) checking deposits.
• C) currency.
• D) small time deposits.
• E) money market mutual funds.

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Definitions:

Internal Control

Processes designed to provide reasonable assurance regarding the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws.

Safeguard

Measures or controls put in place to protect assets, including physical security and internal controls.

Signature Card

A document signed by an account holder at a financial institution that provides a specimen signature for the purpose of verifying future transactions.

ABA Code

A nine-digit identification number assigned to banks in the United States by the American Bankers Association, used for routing checks and electronic payments.