we have $$80,000$ in checking accounts and $$32,000$ in savings accounts.

Banks also have $$16,000$ in small denomination time deposits and $$24,000$ in money market funds.

Zack

You mention cash, checking, savings, small time deposits, and money market funds $-$are there different categories of money?

Jun

Yes! There are different money aggregates $--$ called M$1$ and M$2.$ Let's start with M$1.$

M$1$ includes cash, checking account balances and savings account balances.

How much does that mean our M$1$ money supply is$?$

Enter a response then click Submit below

$ $$

Celto Money

Celto Money

Celto Money

$\backslash$table$[[,\backslash$table$[[$Public Cash$],[$Holdings$]],\backslash$table$[[$Checking$],[$Accounts$]],\backslash$table$[[$Savings$],[$Accounts$]],\backslash$table$[[$Small Time$],[$Deposits$]],\backslash$table$[[$Money Market$],[$Funds$]]],[\backslash$table$[[$Amount $($in$],[$dollars$]],30,000,80,000,32,000,16,000,24,000],[,,,,,]]$