Coins in people's pockets and purses are: included in M1, but not in M2. included in both M1 and in M2. included in M2, but not in M1. excluded from M1 and M2 because people can exchange them for Federal Reserve notes.
Coins in people's pockets and purses are: included in M1, but not in M2. included in both M1 and in M2. included in M2, but not in M1. excluded from M1 and M2 because people can exchange them for Federal Reserve notes.
Chapter18: Money And The Federal Reserve System
Section: Chapter Questions
Problem 1SQ
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- Coins in people's pockets and purses are:
- included in M1, but not in M2.
- included in both M1 and in M2.
- included in M2, but not in M1.
- excluded from M1 and M2 because people can exchange them for Federal Reserve notes.
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