Currency held outside banks is $100 billion, money market mutual funds (retail) are $120 billion, small-denomination time

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Currency held outside banks is $100 billion, money market mutual funds (retail) are $120 billion, small-denomination time deposits are $50 billion, and savings deposits (including money market deposit accounts) are $200 billion. How much does M2 equal?

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Macroeconomics

ISBN: 9781337617390

13th Edition

Authors: Roger A. Arnold

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