A savings and loan associate has
A savings and loan associate has
$600 in check able deposits
$1,880 in home loans
$1,100 in savings deposits
$600 in government securities
$850 in time deposits
$70 in currency
no reserve deposit at the Fed
calculate the S&L’s total deposit that are part of M1, and deposits that are part of M2.
The S&L’s total deposits are $_?
Deposits that are part of M1 are $_?
Deposits that are part of M2 are$_?
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