Calculate M1 and M2 based on given information below Traveler's checks100,000 USD$800,000 USD$600,000 USD$300,000 USD$Money market mutual fund sharesSmall-denomination time depositsCredit card balancesDemand depositsSavings deposits and money market deposit accountsOther checkable depositsCurrency1,500,000 USD$5,000,000 USD$700,000 USD$1,000,000 USD$

M1 money supply includes those monies that are very liquid such as cash, checkable (demand)…

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Economics

Calculate M1 and M2 based on given information below

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter12: Money And Banking

Section: Chapter Questions

Problem 10E

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Question

Calculate M1 and M2 based on given information below

Traveler's checks
100,000 USD$
800,000 USD$
600,000 USD$
300,000 USD$
Money market mutual fund shares
Small-denomination time deposits
Credit card balances
Demand deposits
Savings deposits and money market deposit accounts
Other checkable deposits
Currency
1,500,000 USD$
5,000,000 USD$
700,000 USD$
1,000,000 USD$

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