Use the information in the table below to answer the following two questions. What is M1? billion Part 2 Items Savings deposits Billions of $ 8000 Money market 700 mutual funds M2 13700 Checking deposits Small time deposits 2750 750 Now, calculate the amount of currency in billions of dollars in the economy from the given information (assume no traveler's checks). $ billion
Use the information in the table below to answer the following two questions. What is M1? billion Part 2 Items Savings deposits Billions of $ 8000 Money market 700 mutual funds M2 13700 Checking deposits Small time deposits 2750 750 Now, calculate the amount of currency in billions of dollars in the economy from the given information (assume no traveler's checks). $ billion
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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I need typing clear urjent no chatgpt use i will give 5 upvotes
both answers full explaantion plss
![Use the information in the table below to answer the following two questions.
What is M1?
billion
Part 2
Items
Savings deposits
Billions of $
8000
Money market
700
mutual funds
M2
13700
Checking deposits
Small time deposits
2750
750
Now, calculate the amount of currency in billions of dollars in the economy from the given information (assume no traveler's
checks).
$
billion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0c681fdb-41de-4299-be80-4cf5b9846355%2Fbb97f7ad-d894-4834-8d84-5b462289e97c%2Fo4w63fs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the information in the table below to answer the following two questions.
What is M1?
billion
Part 2
Items
Savings deposits
Billions of $
8000
Money market
700
mutual funds
M2
13700
Checking deposits
Small time deposits
2750
750
Now, calculate the amount of currency in billions of dollars in the economy from the given information (assume no traveler's
checks).
$
billion
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