Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![In Maldonia in 2019, traveler's checks in circulation were $8 billion; checkable deposits owned by individuals and businesses were $651 billion; M1 was $1,326 billion; savings deposits were $3,279 billion; small time deposits were $803; and
money market funds and other deposits were $761 billion.
Calculate currency held by individuals and businesses in Maldonia in 2019. Calculate M2 in Maldonia in 2019.
In Maldonia in 2019, currency held by individuals and businesses was $ billion.
M2 in Maldonia in 2019 was $ billion.
2000
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Transcribed Image Text:In Maldonia in 2019, traveler's checks in circulation were $8 billion; checkable deposits owned by individuals and businesses were $651 billion; M1 was $1,326 billion; savings deposits were $3,279 billion; small time deposits were $803; and
money market funds and other deposits were $761 billion.
Calculate currency held by individuals and businesses in Maldonia in 2019. Calculate M2 in Maldonia in 2019.
In Maldonia in 2019, currency held by individuals and businesses was $ billion.
M2 in Maldonia in 2019 was $ billion.
2000
Enter
A étv A
Aa
APR
15
MacBook Air
DII
DD
F11
F12
000
D00
F10
F9
吕0
F7
F8
F6
F5
F4
esc
F2
F3
F1
&
%
delete
!
@
#
7
8
3
4
6.
1
2
{
P
Y
[
Q
W
E
R
tab
J
K
S
D
F
G
А
ps lock
?
B N
+ I|
云
*
%24
...
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