K James purchases a $20,000 6-month certificate of deposit. Is this counted in M1 only, M2 only,

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K James purchases a $20,000 6-month certificate of deposit. Is this counted in M1 only, M2 only, M1 and M2, or neither?

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Posted Date: Apr 02, 2024 07:49 AM

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K James purchases a $20,000 6-month certificate of deposit. Is this counted in M1 only, M2 only,

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Answer K Jamess 20000 certificate of deposit CD would be counted in M2 only possibly not M1 Heres w... View the full answer

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