Economics:
Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
Question
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Chapter 12, Problem 11E
To determine

Calculate value of M1 from the given table

    Money Component Amount
    Traveller's check   $100
    Currency  $2,500
    Small-denomination time deposits  $2,500
    Savings deposits  $6,000
    Demand deposits  $5,000
    Other checkable deposit  $9,000
    Real money market mutual funds  $7,500

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