qfederal reserve notes in circulation850money, Business Economics

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qfederal reserve notes in circulation850money

Q. Federal Reserve Notes in circulation=$850
Money market mutual funds (MMMFs) held by individuals
=400
Corporate bonds=300
Iron ore deposits=50
Currency in commercial banks=110
Savings deposits, including money market deposit accounts (MMDAs)=140
Checkable deposits=1600
Small-denominated (less than $100,000) time deposits=100
Coins in circulation=40

A) Illustrate what is M1 in Iron mania?

B) Illustrate what is M2 in iron mania?

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