76 331
Assignments Done
Successfully Done
In May 2019

Answer to Question #5913 in Economics of Enterprise for Jennifer

Question #5913
How do you determine the size of the M1 money supply for currency 700 billion?
Expert's answer
M1 is a category of the money supply that includes all physical money such as coins and currency; it also includes demand deposits, which are checking accounts, and Negotiable Order of Withdrawal (NOW) Accounts.
In our case the size of M1 will be equal to the amount of currency: M1 = 700 billion.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions