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If C Represents Currency,D Represents Checkable Deposits,N Represents Savings Accounts,and

Question 84

Multiple Choice

If C represents currency,D represents checkable deposits,N represents savings accounts,and MM represents money market mutual funds,which of the following equations is correct?


A) M1 = N + MM
B) M1 = D - N - MM
C) M1 = C + D + N + MM
D) M1 = C + D

Correct Answer:

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