In an economy, there is $200 million in currency held outside banks, $100 million in travelerʹs checks, $250 million in currency held inside the banks, $300 million in checking deposits, and $600 million in savings deposits. The value of M1 is .

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The Answer of In an economy, there is $200 million in currency held outside banks, $100 million in travelerʹs checks, $250 million in currency held inside the banks, $300 million in checking deposits, and $600 million in savings deposits. The value of M1 is .

In an Economy, There Is $200 Million in Currency Held