Currency Checking Account Balances Savings Account Balances Small-Denomination Time Deposits Noninstitutional Money Market Fund Shares $1,000 2,000 5,000 6,000 7,000 Consider the information above for a simple economy. Assume there are no traveler's checks. What is M1 for this economy? Omit the dollar sign.

Currency Checking Account Balances Savings Account Balances Small-Denomination Time Deposits Noninstitutional Money Market Fund Shares $1,000 2,000 5,000 6,000 7,000 Consider the information above for a simple economy. Assume there are no traveler's checks. What is M1 for this economy? Omit the dollar sign.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter12: Money, Banking And The Financial System

Section: Chapter Questions

Problem 12QP

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