A bank has checking depos

A bank has checking depos

A bank has checking deposits of $400, saving deposits of $900, time deposits of $900, loans of $950, government securities of $900, outstanding credit card balances of $400, currency in its vault of $40 and deposits in its reserve account at the Fed of $40. a) What is the amount of this bank’s deposit that are in M1? b) What is the amount of this bank’s deposit that are in M2? c) What is the amount of this bank’s reserve?

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