If it is estimated that the checking account demand


If it is estimated that the checking account (demand) deposits at the chartered banks are $500. Using the above information, calculate M1, and money multiplier (m).

(a)M1=$800, m=incomplete information

(b) M1=$1300, m=1.53

(C)M1=$1300, m=?

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Business Economics: If it is estimated that the checking account demand
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