Question: Here is the question. Can you please help me out? Assume that the following asset values (in millions of dollars) exist in Ironmania: Category Value

Here is the question. Can you please help me out?

Assume that the following asset values (in millions of dollars) exist in Ironmania: Category Value Bank of Canada notes in circulation $700 Corporate bonds 300 Iron ore deposits 50 Currency in chartered banks 100 Personal savings deposits and nonpersonal notice deposits at chartered banks 540 Demand deposits 1, 500 Coins in circulation 40 a. What is MI+ in Ironmania? million b. What is M2 in Ironmania? $ million

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