Problem
1. (Case Study: Faking It) Why did the U.S. government consider it important to redesign the $100 note in order to combat the effects of the "supernote"?
2. (Money Aggregates) Determine whether each of the following is included in any of the M1, M2, or M3 measures of the money supply:
a. Currency held by the nonbanking public
b. Available credit on credit cards held by the nonbanking public
c. Savings deposits
d. Large-denomination time deposits
e. Money market mutual fund accounts
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.