Item Value (S billions) Currency Savings and money market deposit accounts Small-denomination time deposits Traveler's checks outside banks and thrifts Noninstitution money market mutual funds Institution-only money market mutual funds Transaction deposits 657 3.094 1.546 12 863 236 937 Calculate M1. SO billion.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Consider the following data.
Value (S billions)
657
Item
Currency
Savings and money market deposit accounts
Small-denomination time deposits
3.094
1,546
Traveler's checks outside banks and thrifts
Noninstitution money market mutual funds
Institution-only money market mutual funds
Transaction deposits
12
863
236
937
Calculate M1. $ billion.
Transcribed Image Text:Consider the following data. Value (S billions) 657 Item Currency Savings and money market deposit accounts Small-denomination time deposits 3.094 1,546 Traveler's checks outside banks and thrifts Noninstitution money market mutual funds Institution-only money market mutual funds Transaction deposits 12 863 236 937 Calculate M1. $ billion.
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