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please ans 1. Consider the following statistics for the banking sector in the US displayed in the table below (all numbers in billions of domestic

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1. Consider the following statistics for the banking sector in the US displayed in the table below (all numbers in billions of domestic currency). Calculate M1 for the US. Coins and Currency in Circulation 1000 Checkable Deposits 6 Traveler's Checks 1300 Savings Accounts 8200 Money Market Mutual Funds 500 Time Deposits 700

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