The following data represents money from a small Island economy near Fuji.Cash in the hands of the public = $402Public credit limit on all credit cards= 136Demand deposits and all other checkable deposits=693Money market mutual funds =618Travelers check =8Large time deposits =512Small time deposits=971Public stock market holdings =1,069Savings-type account =256What is the value of M1 for this economy using data above?What is the value of M2 for this economy using data above?

Money supply refers to the total amount of money in circulation in relation to the economy’s…

Answered: The following data represents money…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter27: Money And Banking

Section: Chapter Questions

Problem 4SCQ: For the following list of items, indicate If they are in M1, M2, or neither: Your 5,000 line of...

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The following data represents money from a small Island economy near Fuji.

Cash in the hands of the public =	$402
Public credit limit on all credit cards=	136
Demand deposits and all other checkable deposits=	693
Money market mutual funds =	618
Travelers check =	8
Large time deposits =	512
Small time deposits=	971
Public stock market holdings =	1,069
Savings-type account =	256

What is the value of M1 for this economy using data above?
What is the value of M2 for this economy using data above?

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