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Use the figures in the table below to answer the following questions. Billions Small time deposits $1250 Money-market mutual funds held by businesses. 1300 Savings
Use the figures in the table below to answer the following questions. Billions Small time deposits $1250 Money-market mutual funds held by businesses. 1300 Savings deposits, including money-market deposit accounts 1620 Money-market mutual funds held by individuals 905 Checkable deposits 836 Currency 325 (a) What is the value of M1? $____________ billion (b) What is the value of M2? $____________ billion
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
