Question

Which of the following item is part of M1? M2?

a, $0.27 cents that has accumulated under a couch cushion.

b, Your $2,000 line of credit with your Visa account.

c, The $210 balance in your checking account.

d, $417 in your savings account.

e, 10 shares of stock your uncle gave you on your 18th birthday, which are now worth $520.

f, $200 in traveler's checks you have purchased for your spring-break trip.

Answer 1