Answer the question below using the following information (all figures in billions of dollar) Given the data below Currency held outside banks$1000Demand Deposit$2000Saving deposit$1200Money market fund$700Time deposit$800 1 - The value of M1 equal 2 - The value of M2 equal

The economics as a study is based upon the idea that the nations around the globe tend to have a…

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Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter13: The Federal Reserve System

Section: Chapter Questions

Problem 4WNG

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Answer the question below using the following information (all figures in billions of dollar)

Given the data below

Currency held outside banks	$1000
Demand Deposit	$2000
Saving deposit	$1200
Money market fund	$700
Time deposit	$800

1 - The value of M1 equal

2 - The value of M2 equal

Definition Definition Financial market that deals in securities or assets that are short-term in nature. The money market is responsible for keeping up the liquidity of the businesses and the organizations. These securities are usually held for a period of 12 months or less and are issued by institutions that require cash or funds for their short-term cash flow requirements. The money market is regulated by the federal government.

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