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1. The Federal Reserve refers to M1 and M2 statistics (or measures) as Money Stock measures because:
money is the instrument used for trading stocks
the numbers represent values as of a particular point in time
M1 and M2 represent spending in the economy
They are the two primary financial instruments in the U.S. economy
2. Most seasonal borrowing (from the Fed's discount window) occurs:
in the New York district
on Fridays
in the Midwest
in the five major metropolitan centers of the U.S.
Nowhere-because it was eliminated in early 2002
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