Use the information in the table below to answer the following two questions. Items Billions of $ Savings deposits 7000 Money market 700 mutual funds M2 13700 Checking deposits 2750 Small time deposits 750 How much is M1? $ billion Part 2 (1.5 pts) Now, calculate the amount of currency in billions of dollars in the economy from the given informati (assume no traveler's checks). billion

Use the information in the table below to answer the following two questions. Items Billions of $ Savings deposits 7000 Money market 700 mutual funds M2 13700 Checking deposits 2750 Small time deposits 750 How much is M1? $ billion Part 2 (1.5 pts) Now, calculate the amount of currency in billions of dollars in the economy from the given informati (assume no traveler's checks). billion

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter25: Money, Banking, And The Federal Reserve System

Section: Chapter Questions

Problem 3P

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