Answer to Question #107991 in Macroeconomics for Sarai

Question #107991
If currency held outside banks is $200 billion and M1 is $600 billion, do we know for sure what Checkable Deposits (DD) equal? Why/why not?
1
Expert's answer
2020-04-06T10:13:33-0400

"DD=600-200=" $ "400 billion;"


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