Two definitions of money supply

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M1 and M2 are two definitions of money supply. Determine if the items listed below are included in the money supply under each of these definitions and place them in the appropriate bin: M1 only M2 only M1 and M2 Neither M1 or M2.

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Gold, Traveler's check, Balance in savings accounts, Money market account balance, credit cards, common stock, certificates of deposit, currency, balance in checking accounts

Reference no: EM13977029

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