Question
Calculate M1 and M2 using details from the table given below. Value (in millions) Currency $80 Checkable deposits 35 Traveler's checks 10 Savings deposits 120
Calculate M1 and M2 using details from the table given below.
| Value (in millions) | |
| Currency | $80 |
| Checkable deposits | 35 |
| Traveler's checks | 10 |
| Savings deposits | 120 |
| Small-denomination time deposits | 75 |
| Money market mutual fund shares | 50 |
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Principles Of Microeconomics
Authors: Robert Frank
7th Edition
1260111083, 9781260111088
