In the U. S. economic system, the amount of money in circulation outside the U. S. Treasury and Federal Reserve, plus the amount held in savings accounts
and easily accessible investments, is known as
O A. M1
B. M3
O C. M2
O D. M4

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.