(Solution) - Given the following information for November 2010 calculate the amounts -(2025 Original AI-Free Solution)
Paper Details
Given the following information for November 2010, calculate the amounts of M1 and M2 in November 2010. The amounts are in billions of dollars.
Currency????????????. $915.0
Demand deposits????????.... 507.0
Money market mutual
funds (retail only) ????????.. 711.1
Other checkable deposits?????? 405.2
Savings deposits, including money
market deposit accounts??????. 5,317.9
Small-denomination time deposits??. 943.3
Traveler?s checks????????? 4.7