Answer to Question #9285 in Economics of Enterprise for Sarah

Question #9285
determine the size of the demand deposits components of the M1 money supply using the following information.... currency.... 350 billion traveler's checks.... 10 billion other checkable deposits.... 200 billion small time deposits.... 100 billion M1 money supply.... 800 billion
1
Expert's answer
2012-05-15T09:13:55-0400
Demand deposit = M1 – currency-traveler`s checks- other checkable deposits- small time deposits
Demand deposit = 800-350-10-200-100= 140 billion

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