Using the information below compute the M1 money supply. Category Amount Currency and coin held by the public $600600 Checking account balances $1 comma 2001,200 Traveler's checks $10 Savings account balances $2 comma 8002,800 Small denomination time deposits $5,000 Money market deposit accounts in banks $1,000 Noninstitutional money market fund shares $2,000 The M1 money supply is equal to: $nothing
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Using the information below compute the M1 money supply. Category Amount Currency and coin held by t...
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