Answer on Economics of Enterprise Question for Jennifer
How do you determine the size of the M1 money supply for currency 700 billion?
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.
You did it again. 93% on my latest project! Definitely worth the price! Only wish I had gotten it a little earlier, it was solving for 2 weeks and I got it back the day before it was due. Makes me nervous