Assume that the following asset values (in millions of dollars) exist in Iror Category Value (Million Federal Reserve Notes in circulation $ 750 Money market mutual funds (MMMFS) held by individuals 400 Corporate bonds 300 Iron ore deposits 50 Currency in commercial banks 120 Savings deposits, including money market deposit accounts (MMDAS) 140 Checkable deposits 1,700 Small-denominated (less than $100,000) time deposits 100 Coins in circulation 40

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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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
$ 750
Money market mutual funds (MMMFS) held by individuals
400
Corporate bonds
300
Iron ore deposits
50
Currency in commercial banks
120
Savings deposits, including money market deposit accounts (MMDAS)
140
Checkable deposits
1,700
Small-denominated (less than $100,000) time deposits
100
Coins in circulation
40
Instructions: Enter your answers as a whole number.
a. What is M1 in Ironmania?
$4
million
b. What is M2 in Ironmania?
million
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1 of 1
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Transcribed Image Text:https://ezto.mheducation.com/ext/map/index.html?_con3con&external Saved Assume that the following asset values (in millions of dollars) exist in Ironmania: Category Value (Millions) Federal Reserve Notes in circulation $ 750 Money market mutual funds (MMMFS) held by individuals 400 Corporate bonds 300 Iron ore deposits 50 Currency in commercial banks 120 Savings deposits, including money market deposit accounts (MMDAS) 140 Checkable deposits 1,700 Small-denominated (less than $100,000) time deposits 100 Coins in circulation 40 Instructions: Enter your answers as a whole number. a. What is M1 in Ironmania? $4 million b. What is M2 in Ironmania? million Prev 1 of 1 arch
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