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Following are components of the M1 money supply at the end of last year. What will be the size of the M1 money supply at
Following are components of the M1 money supply at the end of last year. What will be the size of the M1 money supply at the end of next year if currency grows by 10 percent, demand deposits grow by 5 percent, other checkable deposits grow by 8 percent, and the amount of travelors checks stays the same? Currency 700 billion, demand deposits 300 billion, other checkable deposits 300 billion, travelers checks 10 billion
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