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Use the information in this table to answer the following two questions. Items Billions of $ Savings deposits 7500 Money market mutual funds 700 M2
Use the information in this table to answer the following two questions. Items Billions of $ Savings deposits 7500 Money market mutual funds 700 M2 13700 Checking deposits 2750 Small time deposits 750 How much is M1? $ billion Part 2 (2 points) Now, calculate the amount of currency in billions of dollars in the economy from the given information (assume no traveler's checks). $ billion
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Managerial Economics
Authors: Mark Hirschey
12th edition
9780324584844, 324588860, 324584849, 978-0324588866
