Business, 10.06.2020 05:57 jhonnysoriano9053

Identify whether each of the following examples belongs to Money aggregates (M1 or M2). If an example belongs in both, be sure to write it down. a. Sean has $30,000 in a money market account.
b. Musashi has a roll of quarters that he just withdrew from the bank to do laundry.
c. Yvette has $7,000 in a two-year certificate of deposit (CD).

Any type of money that falls into the M2 category is, by definition, part of M1 as well.

a. True
b. False

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Identify whether each of the following examples belongs to Money aggregates (M1 or M2). If an exampl...

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