Final answer:
The line from the EOM DD Form 2657 that needs to match line 4.1 on the SF-1219 is line 7.3. It reconciles net changes in a Disbursing Officer's accountability with net disbursements. For the items listed, credit lines are not considered money supply, while traveler's checks, cash on hand, funds in checking accounts, and money market accounts are included in M1 or M2, depending on their nature.
Step-by-step explanation:
The line from the end-of-month (EOM) DD Form 2657 that must be equal to the amount shown on line 4.1, net disbursements, on the Monthly Statement of Accountability (SF-1219) is line 7.3. Line 7.3 on the DD Form 2657 reflects the net change in the Disbursing Officer's accountability and is intended to reconcile with reported net disbursements on the SF-1219. This ensures that the amounts being reported for disbursements match and assist in maintaining financial accountability in financial documentation.
Regarding the information provided for the classification of monetary assets into M1, M2, or neither, here is the list:
- a. Your $5,000 line of credit on your Bank of America card is neither M1 nor M2, as it represents potential borrowing, not actual money.
- b. $50 dollars' worth of traveler's checks you have not used yet are part of M1 because traveler's checks are considered a component of the money supply that can be used for transaction purposes.
- c. $1 in quarters in your pocket is part of M1 since it's physical currency in circulation.
- d. $1200 in your checking account is part of M1, considering that funds in checking accounts are liquid and can be used directly for transactions.
- e. $2000 you have in a money market account is part of M2. M2 includes all of M1 plus savings deposits, small-denomination time deposits, and balances in retail money market mutual funds, among other components.