Aplia: Student Question x = takeQuiz&quiz-probGuid-QNAPC0A801; 01 0000003b 1 67d

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Aplia: Student Question x = takeQuiz&quiz-probGuid-QNAPC0A801; 01 0000003b 1 67d40060000&ctx-suse; UHC DATA ENRY BPM ADMIN D AETNA ADMIN Paylocity db SHARE Home Grades Personalized ReviewsDiscussion Course Materials oney aded Assignment | Back to Assignment Due Sunday 12.03.17 at 11:45 PMw Attempts: 2. Money aggregates Identify whether each of the following belongs in M1 or M2. If it belongs in both, be sure to check both boxes. Keep the Highest: /3 Aa Aa Example Eileen just received a $100 traveler's check from her grandmother for her sixth birthday. Clancy has a $10 bill in his wallet. Jeff has $1,200 in a savings account. Juanita has $5,000 in a six-month certificate of deposit (CD). M1 M2 The main difference between M1 and M2 is that all money within M1 can be used directly as , whereas some types of money within M2 cannot. CAiA 3.16© 2004-2016 Agna. All nglits reserved. © 2013 Cengage Learning except as noted. All rights reserved Grade It Now Continue without saving

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Ans)

Eileen just recieved a $100 traveler's check from her grandmother for her sixth birthday.-M1 and M2
Clancy has a $10 bill in his wallet - M1 and M2
Jeff has $1200 in a savings account-M2
Juanita has $5000 in a six-month certificate of deposit(CD)-M2

The main difference between m1 and m2 is that all money within m1 can be used dorectly as a medium of exchange ,whereas some types of money within m2 cannot.

M1=currency+demand deposits+traveler's check
M2 = M1 + money market deposit accounts+savings account deposits+certifcates of deposit

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