Money Includes

question 60

Multiple Choice

Money includes

• A) currency.
• B) checking deposits held by households and firms.
• C) deposits in the foreign exchange markets.
• D) currency and checking deposits held by households and firms.
• E) futures and deposits in the foreign exchange market.

---

Definitions:

Factory Overhead

Expenses incurred in manufacturing excluding the costs of direct labor and materials.

Direct Labor

The cost associated with employees who directly contribute to the manufacturing or production of goods.

Cost of Goods Manufactured

The total production cost of goods completed during a specific period, including direct materials, direct labor, and manufacturing overhead.

Direct Materials

Raw materials that are directly used in the production of goods, traceable to the end product.