(Answered) Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both,…

➤ How do I classify a savings account for M1 or M2?
Standard savings accounts are non‑transaction deposits and therefore belong to M2, not M1. They earn interest and remain fairly liquid, but you cannot use them for unlimited daily payments like demand deposits. If an account gains full checkable features, it can be treated as M1 instead of M2.