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Federal Reserve Notes in circulation=$850
Money market mutual funds (MMMFs) held by individuals=400
Corporate bonds=300
Iron ore deposits=50
Currency in commercial banks=110
Savings deposits, including money market deposit accounts (MMDAs)=140
Checkable deposits=1600
Small-denominated (less than $100,000) time deposits=100
Coins in circulation=40

A) What is M1 in Ironmania?
B) What is M2 in ironmania?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M954311

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