katrinajernae1511 katrinajernae1511

10-03-2020
Business

contestada

Money aggregates

Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes.

a. Deborah has $6,000 in a six-month certificate of deposit (CD).

b. Van has a roll of quarters that he just withdrew from the bank to do laundry.

c. Carlos has $2,000 in a savings account

Respuesta :

muratkhanmoldir00 muratkhanmoldir00

15-03-2020

Answer:

Explanation:

* M1 = currency in circulation + checking deposits

* M2= M1 + short term money deposits + 24 hour market funds

a) Deborah CD - M2

b) Van - M1 and M2

c) Carlos savings account - M2

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