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Identify whether each example in the following table belongs in M1, M2, or both. If an example belongs in both, be sure to check both boxes. Example Neha has $8,000 in a two-year certificate of deposit (CD). M1 M2 Lorenzo has $25,000 in a money market account. Gilberto has a roll of quarters that he just withdrew from the bank to do laundry.

Identify whether each example in the following table belongs in M1, M2, or both. If an example belongs in both, be sure to check both boxes. Example Neha has $8,000 in a two-year certificate of deposit (CD). M1 M2 Lorenzo has $25,000 in a money market account. Gilberto has a roll of quarters that he just withdrew from the bank to do laundry.

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
Section: Chapter Questions
Problem 1PA
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1. Money aggregates Identify whether each example in the following table belongs in M1, M2, or both. If an example belongs in both, be sure to check both boxes. Example Neha has $8,000 in a two-year certificate of deposit (CD). M1 M2 Lorenzo has $25,000 in a money market account. Gilberto has a roll of quarters that he just withdrew from the bank to do laundry.
Transcribed Image Text:1. Money aggregates Identify whether each example in the following table belongs in M1, M2, or both. If an example belongs in both, be sure to check both boxes. Example Neha has $8,000 in a two-year certificate of deposit (CD). M1 M2 Lorenzo has $25,000 in a money market account. Gilberto has a roll of quarters that he just withdrew from the bank to do laundry.
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