The difference between M1 and M2 is that:. a. the former includes time deposits.
b. the latter includes small-denominated time deposits, savings accounts, money market deposit accounts, and money market mutual fund balances.
c. the latter includes negotiable government bonds.
d. the latter includes cash held by commercial banks and the U. S. Treasury.

The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be: