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18 Aug 2020
Which of the following is not included in the M2 definition of money?
A) Currency held by banks.
B) Money market mutual fund balances.
C) Savings deposits.
D) Checkable deposit.
Which of the following is not included in the M2 definition of money?
A) Currency held by banks.
B) Money market mutual fund balances.
C) Savings deposits.
D) Checkable deposit.
Insha FatimaLv10
24 Sep 2020
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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
