Identify whether each example in the following table belongs in M1, M2, or both. If an example belongs in both, be sure to check both boxes. Example Neha has $8,000 in a two-year certificate of deposit (CD). M1 M2 Lorenzo has $25,000 in a money market account. Gilberto has a roll of quarters that he just withdrew from the bank to do laundry.
Identify whether each example in the following table belongs in M1, M2, or both. If an example belongs in both, be sure to check both boxes. Example Neha has $8,000 in a two-year certificate of deposit (CD). M1 M2 Lorenzo has $25,000 in a money market account. Gilberto has a roll of quarters that he just withdrew from the bank to do laundry.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: The Monetary System
Section: Chapter Questions
Problem 1PA
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![1. Money aggregates
Identify whether each example in the following table belongs in M1, M2, or both. If an example belongs in both, be sure to check both boxes.
Example
Neha has $8,000 in a two-year certificate of deposit (CD).
M1
M2
Lorenzo has $25,000 in a money market account.
Gilberto has a roll of quarters that he just withdrew from the bank to do laundry.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1f1ab28e-1ccb-4a36-b4a3-455fcbafaadf%2F006d149f-0182-456d-ae1e-a2c9df092d79%2F1mlx25v_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Money aggregates
Identify whether each example in the following table belongs in M1, M2, or both. If an example belongs in both, be sure to check both boxes.
Example
Neha has $8,000 in a two-year certificate of deposit (CD).
M1
M2
Lorenzo has $25,000 in a money market account.
Gilberto has a roll of quarters that he just withdrew from the bank to do laundry.
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