A bank has the following deposits and assets:
A bank has the following deposits and assets:
/>
Checkable 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.
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
