The table shows the amounts held as the various components of M1 and M2.Calculate the value of M1 and M2.Item$billionsThe value of M1 is $Savings depositsChecking depositsSmall time depositsbillion.375225The value of M2 is $billion.270Money market funds and other depositsCurrency and traveler's checks160130Enter your answer in each of the answer boxes.MacBook AirDDDIIF10F980888F8F7F6F5F4F3escF1F2*&@2#2$78456123ERT

M1 includes the following M1= currency in circulation+ checkable deposits+ travelers checks =…

The table shows the amounts held as the various components of M1 and M2. $billions Item 375 Savings deposits Checking deposits Small time deposits Money market funds and other deposits Currency and traveler's checks Calculate the value of M1 and M2. 225 270 The value of M1 is $ billion. 160 130 The value of M2 is $ billion.

The table shows the amounts held as the various components of M1 and M2. $billions Item 375 Savings deposits Checking deposits Small time deposits Money market funds and other deposits Currency and traveler's checks Calculate the value of M1 and M2. 225 270 The value of M1 is $ billion. 160 130 The value of M2 is $ 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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