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Answer to Question #28483 in Economics of Enterprise for michelle
Question #28483
3. Determine the size of the demand deposits component of the M1 money supply using the following information.
A. Currency $350 million
B. Traveler’s checks $10 million
C. Other checkable deposits $200 million
D. Small time deposits $100 million
E. M1 money supply $800 million
A. Currency $350 million
B. Traveler’s checks $10 million
C. Other checkable deposits $200 million
D. Small time deposits $100 million
E. M1 money supply $800 million
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