Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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.
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