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(Solved): In an economy, there is $175 million in currency held outside banks, $325 million in currency held i ...
In an economy, there is
$175million in currency held outside banks,
$325million in currency held inside the banks,
$100million in chequable deposits,
$700million in non-personal non-chequable deposits, and
$2,600million personal non-chequable deposits. What is the value of M1? What is the value of M2? The value of M1 is
?and the value of M2 is
q,A.
$600million;
$3,900million B.
$275million;
$3,900million C.
$975million;
$3,575million D.
$275million;
$3,575million
