Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes.

a. Crystal has $8,000 in a two-year certificate of deposit (CD).
b. Tim has a roll of quarters that he just withdrew from the bank to do laundry.
c. Brian has $25,000 in a money market account.

Question

08-02-2021
Business

Answered

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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.

a. Crystal has $8,000 in a two-year certificate of deposit (CD).
b. Tim has a roll of quarters that he just withdrew from the bank to do laundry.
c. Brian has $25,000 in a money market account.

Sagot :

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