17. Use the following table to find the value of M1 in the economy of Theendisnear. (Note economists in Theendisnear define M1 in the same way as economists in the US.) Savings account deposits Cash in the hands of the public Small time deposits $522,000 $197,500 $450,000 $20,000 Checkable deposits $462,500 a. $1,182,000 b. $310,000 c. $660,000 d. $330,000 Required reserves

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter14: Banking And The Money Supply
Section: Chapter Questions
Problem 2.3P
Question
17. Use the following table to find the value of M1 in the economy of Theendisnear. (Note
economists in Theendisnear define M1 in the same way as economists in the US.)
Savings account deposits
Cash in the hands of the public
Small time deposits
$522,000
$197,500
$450,000
$20,000
Checkable deposits
$462,500
a. $1,182,000 b. $310,000
c. $660,000
d. $330,000
Required reserves
Transcribed Image Text:17. Use the following table to find the value of M1 in the economy of Theendisnear. (Note economists in Theendisnear define M1 in the same way as economists in the US.) Savings account deposits Cash in the hands of the public Small time deposits $522,000 $197,500 $450,000 $20,000 Checkable deposits $462,500 a. $1,182,000 b. $310,000 c. $660,000 d. $330,000 Required reserves
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