11. if you us an online payment system such as paypal to purchase goods or services on the Internet, does this affect the M1 money supply, M2 money supply, both, or neither? Explain.
13. Which of the Federal Reserve’s measures of the monetary aggregates-M1 or M2- is composed of the most liquid assets? Which is the larger measure?
15. For each of the following assets, indicate which of the monetary aggregates(M1 and M2) includes them:
b. money market mutual funds
c. small-denomination time deposits
d. checkable deposits
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