Scenario 14-1 Currency …
Scenario 14-1 Currency $1,000 Checking Account Balances 2,000 Savings Account Balances 5,000 Small-Denomination Time Deposits 6,000 Noninstitutional Money Market Fund Shares 7,000 Consider the information above for a simple economy. Assume there are no traveler’s checks. Refer to Scenario 14-1. M1 in this simple economy equals