Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 27, Problem 4SCQ

For the following list of items, indicate If they are in M1, M2, or neither:

  1. Your $ 5 , 000 line of credit on your Bank of America card
  2. $ 5 0 dollars’ worth of traveler’s checks you have not used yet
  3. $ 1 in quarters in your pocket
  4. $ 12 00 in your checking account
  5. $ 2 000 you have in a money market account

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A foreign country to which we export but from which we do not import would _____ according the Circular Flow Diagram? • Sell and Buy (or Rent). • Does not sell nor buys. • Sell, but does not buy. • Buys, but does not sell.

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Principles of Economics 2e

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