Q12. The following is hypothetical financial information about the US economy. What is M1 and M2? Items Amount Amounts owed on credit cards $279 billion Traveler's checks held by the public $38 billion Savings deposits $400 billion Credit limits on credit cards $514 billion Bills and coins in circulation $615 billion Checking account deposits $905 billion Small time deposits $2,321 billion Mutual funds held by public $2,956 billion M1 is $1,958 billion and M2 is $7,235 billion. M1 is $1,558 billion and M2 is $7,235 billion. M1 is $1,958 billion and M2 is $7,514 billion. M1 is $1,558 billion and M2 is $7,514 billion.

Q12. The following is hypothetical financial information about the US economy. What is M1 and M2? Items Amount Amounts owed on credit cards $279 billion Traveler's checks held by the public $38 billion Savings deposits $400 billion Credit limits on credit cards $514 billion Bills and coins in circulation $615 billion Checking account deposits $905 billion Small time deposits $2,321 billion Mutual funds held by public $2,956 billion M1 is $1,958 billion and M2 is $7,235 billion. M1 is $1,558 billion and M2 is $7,235 billion. M1 is $1,958 billion and M2 is $7,514 billion. M1 is $1,558 billion and M2 is $7,514 billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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