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3 Apr 2019
The expansion of money market funds represents an increase in what type of money?
Why are money market funds more like money than are certificates of deposits?
Is the deregulation of financial institutuions a good idea?
The expansion of money market funds represents an increase in what type of money?
Why are money market funds more like money than are certificates of deposits?
Is the deregulation of financial institutuions a good idea?
Keith LeannonLv2
3 Apr 2019
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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
