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1.
Table 13.1
Currency held by the public $420 billion
Demand deposits $200 billion
Other checkable deposits $180 billion
Traveler
Solution
1.C (Total except $900 , $220and $30 they are not consider as M1 because which does not
include financial assets)
2.C (includes the above which remove for M1 calculation $900+$220+$30)
3.C

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1.Table 13.1Currency held by the public    $420 billionDemand .pdf

  • 1. 1. Table 13.1 Currency held by the public $420 billion Demand deposits $200 billion Other checkable deposits $180 billion Traveler Solution 1.C (Total except $900 , $220and $30 they are not consider as M1 because which does not include financial assets) 2.C (includes the above which remove for M1 calculation $900+$220+$30) 3.C