ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million of
savings deposits, $40 million of small-denominated time deposits, and $30 million of money market mutual fund deposits.
From these numbers we see that this small country's Mt money supply is.
while its M2 money supply is
$10 million: $280 million
$210 million: $280 million
$10 million; $270 million
$250 million; $270 million
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Transcribed Image Text:Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million of savings deposits, $40 million of small-denominated time deposits, and $30 million of money market mutual fund deposits. From these numbers we see that this small country's Mt money supply is. while its M2 money supply is $10 million: $280 million $210 million: $280 million $10 million; $270 million $250 million; $270 million
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