Homework Answers
Sol 9 :
M1 includes currency and checkable deposits (saving Deposits) whereas M2 includes M1 + saving deposits
Currency = $50000
Checkable deposits = $50000
Saving deposits = ( - $50000)
So ,
(A) M1 = $50000 + $50000 = $100000
(B) M2 = $100000 - $50000 = $ 50000
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