Need some help with these questions, thanks!

Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exchange goods and services. Until 2003, the year in which the U.S. government banned smoking in federal penitentiaries, cigarettes were the preferred medium of exchange among prisoners. lDne important difference between using cigarettes and using dollars as money is that V have intrinsic value. U.S. dollars are an example of v money. Identi! whether each example in the following table belongs in M1, M2, or both. If an example belongs in both, be sure to check both boxes. Example M1 H2 Raphael has $1,200 in a checking account. [3 [3 Alex has $3,000 in a savings account. [:1 [j Becky has $9,000 in a sixmonth certificate of deposit (CD). [:1 [:1 The main difference between M1 and M2 is that all money within M1 can he used directly as a V , whereas some types of money within M2 cannot. Which of the following are functions of the Federal Reserve System? Check all that apply. [:l Supplying the economy with paper money D Monitoring political campaign nances D Supervising member banks [3 Collecting personal and corporate income taxes which of the following were provisions of the Monetary Control Act of 1980? Check all that apply. [3 The act gave all depository institutions access to federal loan reserves, check clearing services, and other services provided by the Federal Reserve. [3 The act allowed the Federal Reserve to set uniform reserve requirements for all commercial banks. [3 The act allowed commercial banks to pailr unrestricted interest rates on checking accounts. D The act allowed commercial banks to have lower interest rate ceilings than savings and loan associations (5&Ls)