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1) Which two of the following financial institutions offer checkable deposits included within the M1 money supply?
mutual fund companies
insurance companies
commercial banks
securities firms
thrift institutions
2) Which of the following items is not included in either M1 or M2?
currency held by the public
checkable deposits
money market mutual fund balances
small-denominated (less than $100,000) time deposits
currency held by banks
savings deposits
1) Which two of the following financial institutions offer checkable deposits included within the M1 money supply?
mutual fund companies
insurance companies
commercial banks
securities firms
thrift institutions
2) Which of the following items is not included in either M1 or M2?
currency held by the public
checkable deposits
money market mutual fund balances
small-denominated (less than $100,000) time deposits
currency held by banks
savings deposits
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2 Jun 2021
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Assume that the following asset values (in millions of dollars) exist in Ironmania:
| Category | Value |
| Federal Reserve Notes in circulation | $700 |
| Money market mutual funds (MMMFs) held by individuals | 400 |
| Corporate bonds | 300 |
| Iron ore deposits | 50 |
| Currency in commercial banks | 100 |
| Savings deposits, including money market deposit accounts (MMDAs) | 140 |
| Checkable deposits | 1,500 |
| Small-denominated (less than $100,000) time deposits | 100 |
| Coins in circulation | 40 |
a. What is M1 in Ironmania? $ million
b. What is M2 in Ironmania? $ million
