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Question
A bank has $250 in checking deposits, $1,000 in savings deposits, $1,200 in time deposits, $1,000 in loans to businesses, $400 in outstanding credit card balances, $800 in government securities, $25 in currency in its vault, and $25 in deposits at the Fed. Of these, ________ are part of M2.A) $3,450
B) $2,450
C) $2,850
D) $2,200
E) $2,600
Answer
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Related questions
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