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