A bank has the following deposits and​ assets:   Checkable deposits held by individuals and​ businesses, ​$380   Savings deposits held by individuals and​ businesses, ​$1,280 Small time​ deposits, ​$575 Loans to​ businesses, ​$1,809 Outstanding credit card​ balances, ​$300 Government​ securities, ​$125 Currency in the​ bank's vault, ​$1 Reserve account at the​ Fed, ​$8   Calculate the​ bank's total​ deposits, deposits that are part of​ M1, and deposits that are part of M2. The​ bank's total deposits are

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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A bank has the following deposits and​ assets:
 
Checkable deposits held by individuals and​ businesses,
​$380  
Savings deposits held by individuals and​ businesses,
​$1,280
Small time​ deposits,
​$575
Loans to​ businesses,
​$1,809
Outstanding credit card​ balances,
​$300
Government​ securities,
​$125
Currency in the​ bank's vault,
​$1
Reserve account at the​ Fed,
​$8
 
Calculate the​ bank's total​ deposits, deposits that are part of​ M1, and deposits that are part of M2.
The​ bank's total deposits are
​$
Deposits that are part of M1 are
​$
Deposits that are part of M2 are
​$
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