Suppose that there is $80,000 in checking accounts, $200,000 in bonds, $100,000 in savings accounts, $300,000 in cash and coins, $25,000 in traveler's checks, $50,000 in certificates of deposits, $400,000 in the stock market, and $15,000 in money market mutual funds. Solve for M1. O a) $300,000 Ob) $405,000 Oc) $770,000 Od) None of the above

Suppose that there is $80,000 in checking accounts, $200,000 in bonds, $100,000 in savings accounts, $300,000 in cash and coins, $25,000 in traveler's checks, $50,000 in certificates of deposits, $400,000 in the stock market, and $15,000 in money market mutual funds. Solve for M1. O a) $300,000 Ob) $405,000 Oc) $770,000 Od) None of the above

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter14: Banking And The Money Supply

Section: Chapter Questions

Problem 2.3P

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