If the currency in circulation is $100 million, checkable bank deposits are $500, savings deposits are $300 million, and traveler's checks are $10 million, then M1 is:

Name: If the currency in circulation is $100 million, checkable bank deposits are $500, savings deposits are $300 million, and traveler's checks are $10 million, then M1 is:
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M1 = Currency in circulation + Checkable bank deposits + Traveler's checks = $100 million + $500 million + $10 million = $610 million.

If the Currency in Circulation Is $100 Million, Checkable Bank