Using the information below, compute the M1 money supply. Category Currency and coin held by the public Demand deposits Savings deposits Amount $900 $1,000 $2,600 Small-denomination time deposits $5,000 Noninstitutional money market mutual fund shares $1,000 The M1 money supply is equal to $. (Enter your response as a whole number.)
Using the information below, compute the M1 money supply. Category Currency and coin held by the public Demand deposits Savings deposits Amount $900 $1,000 $2,600 Small-denomination time deposits $5,000 Noninstitutional money market mutual fund shares $1,000 The M1 money supply is equal to $. (Enter your response as a whole number.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Using the information below, compute the M1 money supply.
Category
Currency and coin held by the public
Demand deposits
Savings deposits
Small-denomination time deposits
Noninstitutional money market mutual fund shares
The M1 money supply is equal to $
Amount
$900
$1,000
$2,600
$5,000
$1,000
(Enter your response as a whole number.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1f764d0b-018b-45c0-80d8-ab0553f1bd58%2F73f7914f-52e8-44f7-b36a-e3fed6573935%2Fgi8z43x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using the information below, compute the M1 money supply.
Category
Currency and coin held by the public
Demand deposits
Savings deposits
Small-denomination time deposits
Noninstitutional money market mutual fund shares
The M1 money supply is equal to $
Amount
$900
$1,000
$2,600
$5,000
$1,000
(Enter your response as a whole number.)
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