Assume that the following asset values (in millions of dollars) exist in Ironmania: Category Value Federal Reserve Notes in circulation 1400 Money market mutual funds (MMMFs) held by individuals 400 Corporate bonds 900 Iron ore deposits 400 Currency in commercial banks 100 Savings deposits, including money market deposit accounts (MMDAs) 300 Checkable deposits 9000 Small-denominated (less than $100,000) time deposits 1000 Coins in circulation 900 a. What is M1 in Ironmania
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Assume that the following asset values (in millions of dollars) exist in Ironmania: Category Value F...
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