Which of the Following Is NOT Included as a Component

question 9

Multiple Choice

Which of the following is NOT included as a component of the M1 definition of money?

• A)bonds
• B)checkable deposits
• C)coins and bills held by the nonbank public
• D)all of the above
• E)none of the above

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Definitions:

Shares

Units of ownership in a company or financial asset.

Retained Earnings

The portion of a business's profits not distributed to shareholders, instead being reinvested in the business or used to pay off debt.

Net Income

The total amount of profit earned by a company after all expenses and taxes have been deducted from total revenue.

Cash Dividends

Profits distributed by a company to its shareholders out of the company's current or retained earnings, typically in the form of cash.