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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
In December 2009, currency was $400 billion, traveler's checks were $5 billion; checkable deposits owned by individuals and businesses were $600 billion, saving deposits were $2,00 billion, time deposits were $1,500 billion; and money market funds were $1,200 billion. What was the M1 in December 2009?
A) M1 = $405 billion
B) M1 = $1,005 billion
C) M1 = $3,005 billion
D) M1 = $3,500 billion
E) M1 = $3,505 billion
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
You're welcome Happy Dummy
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3 years ago
Thank you
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