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Answer on Finance Question for Larry Newell

Question #22131
checks=$1m,currency=$30m,euro dollars=$15,demand deposits=$25m,mkt mutual funds=$60m,savings accts=$40,checkable deposits=$35m,large-denomination time deposits=$50m,inst.money mkt mutual funds=$65m,small denomination time deposits=$45m/a. M1 money supply/M2 money supply/M3 money supply
Expert's answer
M1 = checks + currency + saving accts = 71$m
M2 = euro dollars + checkable deposits + small denomination
time deposits = 95$m + M1 = 161$m
M3 = mutual funds + large-denomination time deposits
+ inst.money mkt mutual funds = 175$m + M2 = 336$m

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