Business, 11.01.2020 05:31 karlagomezgarcia96

Assume that the following asset values (in millions of dollars) exist in ironmania:
• 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 = $1500;
• small-denominated (less than $100,000) time deposits = $100;
• coins in circulation = $40.
a. what is m1 in ironmania?
b. what is m2 in ironmania

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Assume that the following asset values (in millions of dollars) exist in ironmania:
• federal...

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