In May 2020, currency was $1,824 billion; demand deposits were $2,126 billion; other liquid deposits were $12,234

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In May 2020, currency was $1,824 billion; demand deposits were $2,126 billion; other liquid deposits were $12,234 billion; small denomination time deposits were $466 billion; and retail money market funds were $1,142 billion.

Calculate M1 and M2 in May 2020.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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In May 2020, currency was $1,824 billion; demand deposits were $2,126 billion; other liquid deposits were $12,234

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M1 and M2 are measures of the money supply commonly used by economists and central banks with M1 bei...View the full answer

Economics

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