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Using the information below compute the M2 money supply. Category Currency and coin held by the public Checking account balan
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Answer #1

M2 = M1 + saving deposits + small denomination time deposits + money market securities + non institutional money market funds

= 700 + 1800 + 10 + 2000+5000+1000+2000

= $ 12510

Hence M2 money supply is $ 12510.

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