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).