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6 July, 14:58

Indicate whether each of the following is part of M1, M2, or neither:a. $95 on your campus meal cardb. $0.55 in the change cup of your carc. $1,663 in your savings accountd. $459 in your checking accounte. 100 shares of stock worth $4,000f. A $1,000 line of credit on your Sears credit card

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  1. 6 July, 15:02
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    Answer: M1 cash are classified as cash that are more suitable or more liquid and are suitable for transaction and purchasing.

    M2 is a calculation of money supply that includes M1. They involve saving deposit, securities, mutual fund et. They are less liquid and are not suitable for immediate spending.

    Based on this we have the following:

    A. USD 95 on your campus meal card M2

    B. USD 0.55 in change cup of your cars M1.

    C. USD 1663 in your savings account M2

    D. USD 459 in your checking account M1.

    E. 100 shares of stock worth USD 400 M2

    F. USD 1000 line of credit on your credit card M2.
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Home » Business » Indicate whether each of the following is part of M1, M2, or neither:a. $95 on your campus meal cardb. $0.55 in the change cup of your carc. $1,663 in your savings accountd. $459 in your checking accounte. 100 shares of stock worth $4,000f.
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