Your friend took a class in money and banking two years ago
Your friend took a class in money and banking two years ago and recalls that currency in the hands of the public is in M1.
Explain to your friend why currency in the hands of the public is also included in M2.
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activity no the record the following transactionsjuly nbspnbspnbspnbsp 5nbspnbspnbspnbspnbspnbspnbspnbspnbsp received
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