Question: Identify whether each of the following items is counted in M1 only, M2 only, both M1 and M2, or neither: a. A $1,000 balance in

Identify whether each of the following items is counted in M1 only, M2 only, both M1 and M2, or neither:
a. A $1,000 balance in a transactions deposit at a mutual savings bank
b. A $100,000 time deposit in a New York bank
c. A $10,000 time deposit an elderly widow holds at her credit union
d. A $50 traveler's check not issued by a bank
e. A $50,000 savings deposit

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