Business, 29.07.2020 17:01 ellaemtagedeane

Items Billions of $ Savings deposits 7000
Money market mutual funds 700
M2 13700
Checking deposits 2250
Small time deposits 750

Required:
Calculate the amount of currency in billions of dollars in the economy from the given information. Assume zero traveler’s checks for answering this question.

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Items Billions of $ Savings deposits 7000
Money market mutual funds 700
M2 13700
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