The economic of quarter illegal currently has a level of M2 $100000. If saving is 20000 dollars and money market fund is 10000$ What is the level of M1 in the economy.

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter12: Money And Banking
Section: Chapter Questions
Problem 10E
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The economic of quarter illegal currently has a level of M2 $100000. If saving is 20000 dollars and money market fund is 10000$ What is the level of M1 in the economy.

 

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