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Comet Company accumulated the following account information for the year:
Using the above information, total factory overhead costs equal:
Small Denomination Time Deposits
Fixed-term deposit accounts offered by banks that have a lower minimum deposit requirement and are usually associated with lower interest rates.
Large Denomination Time Deposits
Savings accounts or certificates of deposit in large amounts, usually over $100,000, that earn interest over a fixed period of time.
M2
An assessment of the total amount of money in circulation, encompassing physical currency, deposits in checking accounts, and liquid assets like savings accounts and money market instruments.
M3
A gauge of monetary supply encompassing M2 as well as sizable time deposits, institutional money market funds, and additional significant liquid assets.
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