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If C represents currency, D represents checkable deposits, N represents savings accounts, and MM represents money market mutual funds, which of the following equations is correct?
A) M1 = N + MM
B) M1 = D - N - MM
C) M1 = C + D + N + MM
D) M1 = C + D
Textbook 
Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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