Calculate M1, M2 and M3 using the following information: Items Billion $ Negotiable certificates 304 Fiat Money 438 Checkable deposits 509 Repurchase agreement 198 Travelers Check 18 Deposits in other financial institutions 326
Calculate M1, M2 and M3 using the following information: Items Billion $ Negotiable certificates 304 Fiat Money 438 Checkable deposits 509 Repurchase agreement 198 Travelers Check 18 Deposits in other financial institutions 326
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Money supply...
![Calculate M1, M2 and M3 using the following information:
Items
Billion $
Negotiable certificates
304
Fiat Money
438
Checkable deposits
509
Repurchase agreement
198
Travelers Check
18
Deposits in other financial institutions
326
Saving in commercial banks
637](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F66409f47-a10d-422f-8639-26e03260fe1c%2F46708e28-e813-43dc-92b3-3c59d553c974%2Fpy76kob_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Calculate M1, M2 and M3 using the following information:
Items
Billion $
Negotiable certificates
304
Fiat Money
438
Checkable deposits
509
Repurchase agreement
198
Travelers Check
18
Deposits in other financial institutions
326
Saving in commercial banks
637
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