A savings and loan association has $400 in checkable deposits, $1,390 in home loans, $856 in savings

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A savings and loan association has $400 in checkable deposits, $1,390 in home loans, $856 in savings deposits, $634 in government securities, $806 in time deposits, $38 in currency, and no reserves at the Fed. Calculate:
a. Total deposits
b. Deposits that are part of M1
c. Deposits that are part of M2
d. Loans
e. Reserves
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Foundations of Macroeconomics

ISBN: 978-0132831000

6th edition

Authors: Robin Bade, Michael Parkin

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