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2. 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. Example M1 M2 Janet has $7,000 in a six-month certificate of deposit (CD). ☐ Felix has $2,500 in a savings account. Carlos has $1,200 in a checking account. n

2. 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. Example M1 M2 Janet has $7,000 in a six-month certificate of deposit (CD). ☐ Felix has $2,500 in a savings account. Carlos has $1,200 in a checking account. n

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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2. 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. Example M1 M2 Janet has $7,000 in a six-month certificate of deposit (CD). ☐ Felix has $2,500 in a savings account. Carlos has $1,200 in a checking account. n
Transcribed Image Text:2. 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. Example M1 M2 Janet has $7,000 in a six-month certificate of deposit (CD). ☐ Felix has $2,500 in a savings account. Carlos has $1,200 in a checking account. n
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