In December 2009,currency outside of banks was $400 billion,traveler's checks were $5 billion;checkable deposits owned by individuals and businesses were $600 billion,saving deposits were $2,000 billion,time deposits were $1,500 billion;and money market funds were $1,200 billion.What was the M2 in December 2009?
A) M2 = $5,705 billion
B) M2 = $3,705 billion
C) M2 = $1,005 billion
D) M2 = $2,505 billion
E) M2 = $5,700 billion
Correct Answer:
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Q61: If you deposit $1,000 in cash in
Q62: Q63: If Rob deposits $300 in currency into Q64: When people make deposits of currency into Q65: If currency outside of banks is $800 Q67: Which of the following items is included Q68: Which of the following are included in Q69: M2 consists of Q70: M1 is defined as a measure of Q71: ![]()
A)M1 plus traveler's checks.
B)M1 plus![]()
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