Currency held outside banks is $400 billion, checkable deposits is $350 billion, travelers checks are $2 billion,

Question:

Currency held outside banks is $400 billion, checkable deposits is $350 billion, traveler’s checks are $2 billion, and money market mutual funds (retail) are $100 billion. What does M1 equal?

Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...

Fantastic news! We've Found the answer you've been seeking!