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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 7
Say whether each of the following are types of M1 or M2, or both.
a. Checkable deposits.
b. Dollar bills.
c. Money in your checking account.
d. Money in your savings account.
e. Certificates of deposit under $100,000.
f. Traveler's checks.
a. Checkable deposits.
b. Dollar bills.
c. Money in your checking account.
d. Money in your savings account.
e. Certificates of deposit under $100,000.
f. Traveler's checks.
Explanation
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M1 money supply:
M1 includes currency (...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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