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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What components of money do we count in M2?

To determine

The components in money counted in M2 are to be determined.

Explanation

M2 is a comprehensive of M1, certificate of deposits, time deposits, money market fund and savings.

So, M2 can be formulate as below;

M2 = [Coins and currency in circulation + demand deposit 

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