The Island Nation of Murlonio prints its own currency called the Mariano. Use the data below to calculate the M1 measure of the money supply. Source Amount
The Island Nation of Murlonio prints its own currency called the Mariano. Use the data below to calculate the M1 measure of the money supply. Source Amount
Chapter14: Banking And The Money Supply
Section: Chapter Questions
Problem 1.2P
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Transcribed Image Text:The Island Nation of Murlonio prints its own currency called the Mariano. Use the data below to
calculate the M1 measure of the money supply.
Source
Amount
Cash in circulation
$2,055
Vault cash held in bank reserves
$532
Checking deposits
$22,067
Savings deposits
$22,005
Treasury Bills, Notes, and Bonds
$40,249
Certificates of Deposit (under $100,000) $33,438
Individual Money Market Accounts
$33,706
Corporate Bonds
$31,735
Do not round your answer.
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