Calculate M1 and M2 using details from the table given below. Value (in millions) Currency $80 Checkable deposits 30 Traveler's checks 15 Savings deposits 120 Small-denomination time deposits 80 Money market mutual funds 50
Calculate M1 and M2 using details from the table given below. Value (in millions) Currency $80 Checkable deposits 30 Traveler's checks 15 Savings deposits 120 Small-denomination time deposits 80 Money market mutual funds 50
Chapter18: Money And The Federal Reserve System
Section: Chapter Questions
Problem 8SQ
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Calculate M1 and M2 using details from the table given below.
|
Value (in millions) |
Currency |
$80 |
Checkable deposits |
30 |
Traveler's checks |
15 |
Savings deposits |
120 |
Small-denomination time deposits |
80 |
|
50 |
|
|
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