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KoolinIt KoolinIt
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2 weeks ago
Types of Money

Currency held by households and firms$1500​
Savings account deposits in banks 13,500
Noninstitutional money market mutual fund shares  1000
Checking account deposits in banks  6000
Small-denomination time deposits in banks  100
Credit card balances of households and firms  1100

Given the data in the table, M2 in this economy equals ________.

▸ $22,100

▸ $1100

▸ $23,200

▸ $14,600
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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chandlerdeanechandlerdeane
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2 weeks ago
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$22,100

M2 is equal to currency held by households and firms + savings account deposits in banks + checking account deposits in banks + small-denomination time deposits in banks + noninstitutional money market mutual fund shares.
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KoolinIt Author
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2 weeks ago
Smart ... Thanks!
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Yesterday
Thank you, thank you, thank you!
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2 hours ago
Just got PERFECT on my quiz
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