Assume that in a country there are the following assets: $700 Federal Reserve Notes in circulation, $400 in money market funds; $300 of corporate bonds; $50 Iron ore deposits; $100 currency in commercial banks; $140 in savings deposits; $1500 in checkable deposits; $100 in small denominated time deposits; and $40 coins in circulation. a. What is the value of M1 in this country
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Assume that in a country there are the following assets: $700 Federal Reserve Notes in circulation,...
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