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Macmillan Learning
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M1 and M2 are two definitions of money supply. Determine if the items listed are included in the money supply under each of
these definitions, and place them in the appropriate categories.
a. Currency
c. Gold
e. Traveler's checks
M2 only
M1 and M2
M1 and M2
b. Credit cards
d. Common stock
M1 only
M1 and M2
f. Balances in savings accounts