The Island Nation of Murlonio prints its own currency called the Mariano. Use the data below tocalculate the M1 measure of the money supply.SourceAmountCash in circulation$2,055Vault cash held in bank reserves$532Checking deposits$22,067Savings deposits$22,005Treasury Bills, Notes, and Bonds$40,249Certificates of Deposit (under $100,000) $33,438Individual Money Market Accounts$33,706Corporate Bonds$31,735Do not round your answer.

M2 = M1 + saving deposits + certificate of Deposits and time deposits + money market funds +…

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The Island Nation of Murlonio prints its own currency called the Mariano. Use the data below to calculate the M1 measure of the money supply. Source Amount

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter14: Banking And The Money Supply

Section: Chapter Questions

Problem 1.2P

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Question

The Island Nation of Murlonio prints its own currency called the Mariano. Use the data below to
calculate the M1 measure of the money supply.
Source
Amount
Cash in circulation
$2,055
Vault cash held in bank reserves
$532
Checking deposits
$22,067
Savings deposits
$22,005
Treasury Bills, Notes, and Bonds
$40,249
Certificates of Deposit (under $100,000) $33,438
Individual Money Market Accounts
$33,706
Corporate Bonds
$31,735
Do not round your answer.

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