Answer to Question #4532 in Finance for Ronnica Y

Question #4532

1. Determine the size of the M1 money supply using the following
information.

Currency plus traveler’s checks $25 million
Negotiable CDs $10 million
Demand deposits $13 million
Other checkable deposits $12 million

Expert's answer

M1=$25+$10+$13+$12=$60

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