Question
Table 29-1. The information in the table pertains to an imaginary economy. AssetAmountSmall time deposits$750 billionLarge time deposits$1,500 billionDemand deposits$480 billionOther checkable deposits$350 billionSavings deposits$4,700
Table 29-1. The information in the table pertains to an imaginary economy.
AssetAmountSmall time deposits$750 billionLarge time deposits$1,500 billionDemand deposits$480 billionOther checkable deposits$350 billionSavings deposits$4,700 billionTraveler's checks$15 billionMoney market mutual funds$910 billionCurrency$1,070 billionMinor categories of M2$40 billion
Refer to Table 29-1. What is the value of M1 in billions of dollars?
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Economics
Authors: Roger A. Arnold
11th edition
1133561675, 978-1133561675
