Answered: Money market mutal fund balances held…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Money market mutal fund balances held by businesses $100

money market mutual funds balances held by individuals $220

currency in Bank $10

currency in circulation $70

savings deposits, including money market deposit amounts $50

large-denominated (100,000 or more) time deposits 180

small denominates (100,000 or less) time deposits 80

checkable deposits 90

Refer to the table. Money supply M1 for this economy is

A.) 160

b) 70

c. 90

D. 170

Definition Definition Financial market that deals in securities or assets that are short-term in nature. The money market is responsible for keeping up the liquidity of the businesses and the organizations. These securities are usually held for a period of 12 months or less and are issued by institutions that require cash or funds for their short-term cash flow requirements. The money market is regulated by the federal government.

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