Saturday, April 2, 2016

Calculation for M1


If you have assets that include $50 in cash, a checking account with $135, a savings account with $500, and a jar of coins for laundry of $15.75

how much M1 do you have?



#Parkin #11edition #Money #PriceLevel #Inflation #Chapter25
 
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1 comment:

  1. Rully MangunsongApril 2, 2016 at 8:39 AM

    Answer:
    You have $200.75 of M1, comprised of the $50 in cash, plus the $135 in the checking account, plus the $15.75 jar of coins.

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