learn.tnstate.edu/d2l/le/content/7236068/viewContent/49745410/View lome Economic

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learn.tnstate.edu/d2l/le/content/7236068/viewContent/49745410/View lome Economics Principles I omics Principles I Marcus Ab mework: Homework Chapter 14 5 of 20 (16 complete) HW Scor e: 0 of 1 pt cept: Calculate M1 g the information below compute the M1 money supply Category Amount Currency and coin held by the public Checking account balances Traveler's checks Savings account balances Small denomination time deposits Money market deposit accounts in banks Noninstitutional money market fund shares $1,000 $1,200 $10 $3,100 $5,000 $1,000 $2,000 he M1 money supply is equal to. s nter your answer in the answer box and then click Check Answer Clear All B Send to Binder Reflect in ePortfolio Download Print Activity Details

Explanation / Answer

SOLUTION:

M1 = Currency and Coin Held by Public + Checking Account Balances + Traveler's Checks

= 1,000 + 1,200 + 10

= 2210

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