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

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

exist in Ironmania: Federal Reserve Notes in circulation = $700;

Money market mutual funds (MMMFs) held by individuals =

$400; Corporate bonds = $300; Iron ore deposits = $50; Currency in commercial banks = $100; Savings deposits, including money market deposit accounts (MMDAs) = $140; Checkable deposits =

$1,500; Small-denominated (less than $100,000) time deposits =

$100; Coins in circulation = $40. LO14.1

a. What is M1 in Ironmania?

b. What is M2 in Ironmania?

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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Question Posted: Sep 30, 2024 01:00 AM

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

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Macroeconomics

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