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2 In January 2011, currency is $57 billion and banks held $4 billion of notes and coins; personal chequable deposits were $204 billion; non-personal chequable
2 In January 2011, currency is $57 billion and banks held $4 billion of notes and coins; personal chequable deposits were $204 billion; non-personal chequable deposits were $264 billion; personal non-chequable deposits were $150billion; non personal non- chequable deposits were $29 billion; and fixed term deposits were $306 billion. Calculate M1 and M2 in January 2011
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Survey of Economics
Authors: Irvin B. Tucker
8th edition
1111989664, 978-1133713357, 1133713351, 978-1111989668
