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a. What is MM in Ironmania? million b. What is M2 in Ironmania? million %24 %24

a. What is MM in Ironmania? million b. What is M2 in Ironmania? million %24 %24

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Assume that the following asset values (in millions of dollars) exist in Ironmania: Category Value (Millions) Federal Reserve Notes in circulation $700 Money market mutual funds (MMMFS) held by individuals 400 Corporate bonds 300 Iron ore deposits 50 Currency in commercial banks 110 Savings deposits, including money market deposit accounts (MMDAS) 140 Checkable deposits 1,600 Small-denominated (less than $100,000) time deposits 100 Coins in circulation 40 Instructions: Enter your answers as a whole number. a. What is MM in Ironmania? million b. What is M2 in Ironmania? million
Transcribed Image Text:Assume that the following asset values (in millions of dollars) exist in Ironmania: Category Value (Millions) Federal Reserve Notes in circulation $700 Money market mutual funds (MMMFS) held by individuals 400 Corporate bonds 300 Iron ore deposits 50 Currency in commercial banks 110 Savings deposits, including money market deposit accounts (MMDAS) 140 Checkable deposits 1,600 Small-denominated (less than $100,000) time deposits 100 Coins in circulation 40 Instructions: Enter your answers as a whole number. a. What is MM in Ironmania? million b. What is M2 in Ironmania? million
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