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
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
Chapter14: Banking And The Money Supply
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