Question
A savings and loan associate has $600 in check able deposits $1,880 in home loans $1,100 in savings deposits $600 in government securities $850 in
A savings and loan associate has
$600 in check able deposits
$1,880 in home loans
$1,100 in savings deposits
$600 in government securities
$850 in time deposits
$70 in currency
no reserve deposit at the Fed
calculate the S&L's total deposit that are part of M1, and deposits that are part of M2.
The S&L's total deposits are $_?
Deposits that are part of M1 are $_?
Deposits that are part of M2 are$_?
Step by Step Solution
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
