Assume that the following asset values (in millions of dollars) exist in Ironmania: Federal Reserve Notes in

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Assume that the following asset values (in millions of dollars)

exist in Ironmania: Federal Reserve Notes in circulation 5 $700; Money market mutual funds (MMMFs) held by individuals 5 $400; Corporate bonds 5 $300; Iron ore deposits 5 $50; Currency in commercial banks 5 $100;

Savings deposits, including money market deposit accounts

(MMDAs) 5 $140; Checkable deposits 5 $1500; Smalldenominated

(less than $100,000) time deposits 5 $100;

Coins in circulation 5 $40. LO1

a. What is M 1 in Ironmania?

b. What is M 2 in Ironmania?

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Economics Principles Problems And Policies

ISBN: 9780073511443

19th Edition

Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn

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Question Posted: Oct 01, 2024 04:02 AM

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Assume that the following asset values (in millions of dollars) exist in Ironmania: Federal Reserve Notes in

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Economics Principles Problems And Policies

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