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Large-denomination time deposits 304 billion currency

Calculate M1 and M2 using the following information:

Large-denomination time deposits: $ 304 billion

Currency and coin held by nonbanking public: 438 billion

Checkable deposits: 509 billion

Small-denomination time deposits:198 billion

Traveler’s checks: 18 billion

Savings deposits: 326 billion

Money market mutual fund accounts: 637 billion

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Macroeconomics: Large-denomination time deposits 304 billion currency

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Large-denomination time deposits 304 billion currency

Reference No:- TGS0638314

Have a Question? (oR Write a Review)

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Prepared by a verified Expert

Macroeconomics: Large-denomination time deposits 304 billion currency

Reference No:- TGS0638314

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