We even called ourselves Los Dos Traviesos, Spanish for the comic strip characters, The Katzenjammer Kids. In 1897, The Katzenjammer Kids,'' the pioneering comic strip created by Rudolph Dirks, made its debut in the New York Journal.
International Accounting Standard 21 (IAS 21) defines functional currency as âthe currency of the primary economic environment in which the entity operatesâ. The same Standard defines presentation currency as âthe currency in which the financial statements are presentedâ. The functional currency is determined by looking at a number of relevant factors. This currency should be the currency in which an entity usually generates and spends cash.
The M1 is a very liquid measure of the money supply, as it contains cash and assets that can quickly be converted to currency.[7] M2: M1 + small time deposits (less than $100,000), savings deposits, and non-institutional money-market funds. M2 is a broader classification of money than M1.nswers. Relevance. Rating Newest Oldest. Best Answer: M1 = cash and checking account deposits M2 = M1 + savings accounts & money market accounts M3 = M2 +large deposits and other large, long-term deposits. Quote from wiki: M0: Physical currency.