What is the value of M1 in the above table? Use the following table on the components
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What is the value of M1 in the above table?
Use the following table on the components of money in a hypothetical economy
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Money Component Traveler's checks Amount $ 100 Currency $2,000 Small-denomination time deposits $3,500 Savings deposits $6,000 Demand deposits $5,000 Other checkable deposits $9,000 Retail money market mutual funds $7,500
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