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1.(8 marks) Suppose you are given the following data: Currency in circulation$1,000 Net Demand deposits at chartered banks$13,000 Nonpersonal notice and personal savings deposits at

1.(8 marks) Suppose you are given the following data:

Currency in circulation$1,000

Net Demand deposits at chartered banks$13,000

Nonpersonal notice and personal savings deposits at chartered banks$12,000

Deposits at other financial institutions$6,000

Nonpersonal term and foreign currency deposits$9,000

What are M1, M2, M2+, and M3?Assume adjustments to the various aggregates are zero.

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