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1.Identify whether each of the following items is counted in M1 only, M2 only, both M1 and M2, or neither. a.A $1,000 balance in a
1.Identify whether each of the following items is counted in M1 only, M2 only, both M1 and M2, or neither.
a.A $1,000 balance in a transactions deposit at a mutual savings bank
b.A $100,000 time deposit in a New York bank
c.A $10,000 time deposit an elderly widow holds at her credit union
d.A $50 traveler's check not issued by a bank
e.A $50,000 savings deposit
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