Suppose that there is $80,000 in checking accounts, $200,000 in bonds, $100,000 in savings accounts, $300,000...
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.
Homework Answers
M1 is the measure of the money supply.
It is also known as narrow measure of money supply.
Calculate M1 -
M1 = Cash and coins + Checking account deposits + Traveler's checks
M1 = $300,000 + $80,000 + $25,000
M1 = $405,000
Thus,
The value of M1 is $405,000
Add Answer to:
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Considering the following data (expressed in billions of U.S.
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