Indicate whether each of the following is part of M1+, M2+, or none of them: a. $95

Question:

Indicate whether each of the following is part of M1+, M2+, or none of them:

a. $95 on your campus meal card

b. $0.55 in the change cup of your car

c. $1663 in your savings account in a credit union

d. $459 in your chequing account in a chartered bank

e. 100 shares of stock worth $4000

f. A $1000 line of credit on your Sears credit card

Line of Credit
A line of credit (LOC) is a preset borrowing limit that can be used at any time. The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit. A LOC is...

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