Assume that the following asset values (in millions of dollars) exist in ironmania:
cat...
Business, 20.12.2019 01:31 keagystacey
Assume that the following asset values (in millions of dollars) exist in ironmania:
category
value
federal reserve notes in circulation
$ 700
money market mutual funds (mmmfs) held by individuals
400
corporate bonds
300
iron ore deposits
50
currency in commercial banks
100
savings deposits, including money market deposit accounts (mmdas)
140
checkable deposits
1,500
small-denominated (less than $100,000) time deposits
100
coins in circulation
40
instructions: enter your answers as whole numbers.
a. what is m1 in ironmania? $ .
b. what is m2 in ironmania? $ million.
Answers: 2
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