neep the highest Aa Aa oney aggregates s in M1 or M2. If it belongs in both, be

Question

neep the highest Aa Aa oney aggregates s in M1 or M2. If it belongs in both, be sure to check both boxes. Example M1 M2 Derek has a $10 bill in his wallet. Jeff has $20,000 in a money market account. Hillary has $6,000 in a two-year certificate of deposit (CD). Beth just recelved a $100 traveler's check from her grandmother for her sixth birthday. True or False: Any type of money that fails into the M2 category Is, by definition, a part of M1 as well. O False O True %A 3.16 2004-2016 Apia. An nghts reserved Grade It Now Save &Continue; Continue without saving

Explanation / Answer

M1 = Cash and currency + Travelers check + Checking account

M2 = M1 + Savings account + Money market deposit + Certificate of deposit

(1)

Derek has $10 - M1, M2

Jeff has $20,000 in money market account - M2

Hilary has $6,000 in CD - M2

Beth received $100 travelers check - M1, M2

(2) TRUE

Related Questions

Navigate

• Browse (All)
• Browse N
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.