Currency with public $2000, demand deposit with bank $3000, other deposit with central bank $1000. Time deposit with banks $5000. Find the posoposi of M3.
Currency with public $2000, demand deposit with bank $3000, other deposit with central bank $1000. Time deposit with banks $5000. Find the posoposi of M3.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Currency with public $2000,
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
Given values:
Currency with public = $2000,
demand deposit with bank = $3000,
Other deposit with central bank = $1000.
Time deposit with banks = $5000.
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