4. Money stock Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes. Example M1 M2 Rosa has $7,000 in a two-year certificate of deposit (CD). Nick has $30,000 in a money market account. Jake has a roll of quarters that he just withdrew from the bank to do laundry.
4. Money stock Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes. Example M1 M2 Rosa has $7,000 in a two-year certificate of deposit (CD). Nick has $30,000 in a money market account. Jake has a roll of quarters that he just withdrew from the bank to do laundry.
Chapter12: Money And Banking
Section: Chapter Questions
Problem 1E
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Question
Transcribed Image Text:4. Money stock
Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes.
Example
M1
M2
Rosa has $7,000 in a two-year certificate of deposit (CD).
Nick has $30,000 in a money market account.
Jake has a roll of quarters that he just withdrew from the
bank to
do laundry.
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