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March 29, 2017

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P5. The following information is available to you: travelers’ checks _
$1 million; coin and paper currency _ $30 million; repurchase agreements and Eurodollars _ $15 million; demand deposits _$25 million; retail money market mutual funds _ $60 million; savings accounts at depository institutions _ $40 million; checkable deposits at depository institutions _ $35 million; large-denomination time deposits _ $50 million; institutional money market mutual
funds _ $65 million; and small-denomination time deposits _$45 million. Using Fed definitions, determine the dollar sizes of the
a. M1 money supply
b. M2 money supply
c. M3 money supply

  • Finance needs help - ,

    Indicate your specific subject in the "School Subject" box, so those with expertise in the area will respond to the question.

    I would need definitions of M1, M2 and M3, since I don't have the Fed definitions.

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