Problems 3-4. The table contains information about the values of monetary and nonmonetary
assets in an economy.
List
Amount
Dollars kept in coffee cans and
$150
wallets
Savings accounts
$300
Credit card limits
$200
Checking accounts
$350
Small time deposits
$75
Restricted retirement accounts
$175
Money market mutual funds
$400
3. Calculate the money stock M1 for this economy.
a. $800
O b. $875
O c. $975
O d. $1,000