Final answer:
b. Line 4.1F.
In federal financial reporting, the net disbursement on the SF-1219 is calculated using Line 4.1F from the DD 2657. The M1 and M2 monetary aggregates include components like travelers checks, physical currency, and checking account balances, but not credit lines.
Step-by-step explanation:
The question revolves around understanding which transactions from the Daily Disbursing System Report (DD 2657) are used to calculate the net disbursement on the Statement of Accountability (SF-1219). According to the forms associated with the federal financial reporting, the correct answer is b. Line 4.1F. This line on the DD 2657 would provide the necessary information to calculate the net disbursement figure that would then be reported on Line 4.1F of the SF-1219.
Now, regarding the list of items provided to determine if they are part of the different monetary aggregates known as M1, M2, or neither, here is the breakdown:
- a. Your $5,000 line of credit on your Bank of America card - Neither M1 nor M2. Credit lines are not considered money as they represent potential borrowing, not actual assets.
- b. $50 dollars' worth of travelers checks you have not used yet - M1, as travelers checks are a component of this category representing immediate purchasing power.
- c. $1 in quarters in your pocket - M1, since it is physical currency in circulation.
- d. $1200 in your checking account - M1, given that checking account balances are liquid assets.
- e. $2000 - This needs clarification since the form in which the $2000 is held isn't specified. If it is in a savings account, it could be M2; if it is in cash, it would be M1.