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Identify whether each of the following amounts is counted in Ml only, M2 only, both Ml...

Identify whether each of the following amounts is counted in Ml only, M2 only, both Ml and M2, or neither.

  1. $50 billion in U.S. Treasury bills
  2. $15 billion in small-denomination time deposits
  3. $5 billion in traveler’s checks not issued by a bank
  4. $20 billion in money market deposit accounts
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