The table shows the amounts held as the various components of M1 and M2. Item Non-chequable deposits, personal Chequable deposits, personal and non-personal Non-chequable deposits, non-personal Currency outside banks Calculate the values of M1 and M2. The value of M1 is $ The value of M2 is $ billion. billion. $billions 580 200 320 150

The table shows the amounts held as the various components of M1 and M2. Item Non-chequable deposits, personal Chequable deposits, personal and non-personal Non-chequable deposits, non-personal Currency outside banks Calculate the values of M1 and M2. The value of M1 is $ The value of M2 is $ billion. billion. $billions 580 200 320 150

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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