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Two-year certificate of deposit

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Money aggregates

Identify 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

M2

Kevin has $25,000 in a money market account.

Edison has a roll of quarters that he just withdrew from the bank to do laundry.

Maria has $8,000 in a two-year certificate of deposit (CD).

Reference no: EM131687156

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