Asked by 111

Consider the following items.
Part 2
A​ $1,000 balance in a transactions deposit at a mutual savings bank.
This item is counted in---.M1, M2 , M1 and M2--.
.
Answered by 111
b. A​ $100,000 certificate of deposit issued by a New York bank.
This item is counted in---.

Answered by 111
Wrong answer. ​Small-denomination time deposits are counted in M2. But to​ qualify, the time deposits have to be less than​ $100,000. So in this​ case, the certificate of deposit is not included in either M1 or M2.
Answered by 111
c. A​ $10,000 time deposit an elderly widow holds at her credit union.
This item is counted in---.
Answered by 111
d. A​ $50 traveler's check.
This item is counted in---.
Answered by 111
wrong answer. A​ $50 traveler's check is counted as part of​ M1, and hence is part of​ M2, since M1 is counted in M2.
Answered by 111
e. A​ $50,000 money market deposit account balance.
This item is counted in---.
Answered by 111
f. A​ $50,000 money market deposit account balance.
This item is counted in---.
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