Use the Following Information to Answer the Questions
at the End

question 73

Multiple Choice

Use the following information to answer the Questions
At the end of the lease on their apartment, Toni and Terry decide to rent separate places and so must make a fair division of the property they purchased together. The items to be divided and the point values each person places on them are given below. $$\begin{array} { l l l } \text { Item } & \text { Toni's points } & \text { Terry's points } \\\text { CD player } & 15 & 20 \\\text { Sofa } & 30 & 25 \\\text { Microwave } & 20 & 25 \\\text { TV } & 35 & 30\end{array}$$
-If Toni and Terry use the adjusted winner procedure to divide the property, who gets the microwave?

• A) Toni
• B) Terry

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Definitions:

M2

A measure of the money supply that includes all elements of M1 (such as cash and checking deposits) plus "near money" like savings deposits, money market securities, and other time deposits, which are less liquid and not as easily converted to physical cash.

Depositors

Individuals or entities that place their money in a bank for safekeeping and earn interest over time.

M1 Money Supply

A measure of the money supply that includes all physical money such as coins and currency, as well as demand deposits and other liquid assets held by the public.

Checkable Deposits

Bank account balances that can be accessed using checks, debit cards, or electronic transfer, for the purpose of making payments.