Identify whether each example in the following table belongs in M$1,$ M$2,$ or both. If an example belongs in both, be sure to check both boxes.

$\backslash$table$[[$Example$,,],[$Jacques has $$1,200$ in a checking account.,M$1,$M$2],[$Musashi has $$3,000$ in a savings account.,$,],[$Rina has $$9,000$ in a six$-$month certificate of deposit $($CD$).,,]]$

True or False: Any type of money that falls into the M$2$ category is$,$ by definition, part of M$1$ as well.

$$ True

False