Business, 09.04.2021 02:40 tladitidimatso3976
Assume that the following asset values (in millions of dollars) exist in Ironmania:
Category Value
[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 $1,600]
[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?
Answers: 2
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Assume that the following asset values (in millions of dollars) exist in Ironmania:
Category Value<...
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