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    Ashunda
  • Course

    ECON312
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  • Subject

    Economics
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Question

A bank has the following deposits and assets:

Check able deposits, $280

Savings deposits,$1,300

Small time deposits, $700

Loans to businesses, $1,779

Outstanding credit card balances, $250

Government securities, $250

Currency,$1

Reserve account at the Fed,$6

 

Calculate the bank's total deposits and the amount of deposits that are part of M1 and M2.

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