"Where Everyone Has an MBA"
Tel: (612) 246-4616
Tel: (612) 246-4616
MONEY SUPPLY is the three categories of money supply (MI, M2, M3) as defined by the U.S. Federal Reserve Board.
M1 The sum of-currency held by the public, plus travelers' checks, plus demand deposits, plus other checkable deposits-i.e., negotiable order of withdrawal (NOW) accounts, automatic transfer service (ATS) accounts and credit union share drafts.
M2 MI plus savings accounts and small-denomination time deposits, plus shares in money market mutual funds (other than those restricted to institutional investors) and overnight Eurodollars and repurchase agreements.
M3 M2 plus large-denomination time deposits (over $100,000) at all depository institutions, large-denomination term repurchase agreements and shares in money market mutual funds restricted to institutional investors.
GENERAL CONTROLS, in accounting, are the policies and procedures to assure proper operation of computer systems, including controls over network operations, software acquisition and maintenance, and access security.
UNIDENTIFIED CASH RECEIPTS is normally a temporary holding (suspense) account in which funds received but not yet identified as to which account receivable the amount should be properly assigned to are posted.
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