Explain the difference between M1 and M2. For example, if a customer purchases $5000 6-months Certificate Deposits at 2% annual rate using Cash, does this affect M1, M2, or both? solutionspile.com

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Explain the difference between M1 and M2. For example, if a customer purchases $5000 6-months Certificate Deposits at 2% annual rate using Cash, does this affect M1, M2, or both?  solutionspile.com

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