(M1 and M2 are both measures of the money supply)
A little money stock review appears to be in order. For each of the items below, identify whether it belongs to M1, M2, both, or neither.
a. My $5,000 CD at Chase Bank
b. A gold bar, weighing 5 ounces, in my sock drawer
c. A six-month Treasury bill with a face value of $1,000
d. A 10-year Treasury bond with a face value of $1,000
e. A $50 bill on my dresser