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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 Yvette has $7,000 in a two-year certificate of deposit (CD). Musashi has a roll of quarters that he just withdrew from the bank to do laundry. Sean has $30,000 in a money market account.

Respuesta :

Answer:

M1

M1

M2

Explanation:

M1 is money supply that includes  currency and coin, demand deposits, travelers' checks, other checkable deposits, certificate of deposit and negotiable order of withdrawal (NOW) accounts. M1 is the most liquid of money supply

M2 includes M1, savings deposits, money market securities, mutual funds, and other time deposits.

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