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3) For each of the following, indicate which of the monetary aggregates {M1 or M2) includes them (if both, indicate so) (1'!) points): a} a

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3) For each of the following, indicate which of the monetary aggregates {M1 or M2) includes them (if both, indicate so) (1'!) points): a} a demand deposit b) a stock mutual fund account c} a money market mutual fund account d) Mastercard credit card balances e} a typical bank savings account 7} Suppose that paper checks (but not currency) have become easier to counterfeit, and that this becomes news. What likeiy happens to the overall demand for money? Which aggregate, M1 or M2, would be affected more in terms of a percentage change? State why. (10 points)

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