<em><u>true</u></em>
Explanation:
<em><u>because</u></em><em><u> </u></em><em><u>logical</u></em><em><u> </u></em><em><u>errors</u></em><em><u> </u></em><em><u>are</u></em><em><u> </u></em><em><u>made</u></em><em><u> </u></em><em><u>to</u></em><em><u> </u></em><em><u>be</u></em><em><u> </u></em><em><u>unexpected</u></em><em><u> </u></em><em><u>it</u></em><em><u> </u></em><em><u>was</u></em><em><u> </u></em><em><u>before</u></em>
Answer:
M1 is equal to $ 4 trillion
Explanation:
M1 money supplies are liquid money supplies like cash, checkable deposits, traveler's check etc. It is equal to;
M1= coins and currency in circulation + checkable (demand) deposit + traveler's check.
M2 money supply are less liquid and is equated as;
M2 = M1 + savings deposit + money market fund + certificates of deposit + other time deposits.
Savings = $7 trillion
Checkable deposit = $3 trillion
Money market fund = $1 trillion
Currency = $1 trillion
Certificates of deposit = $1 trillion
M1 = currency + checkable deposit
= $1 + $ 3
= $4 trillion.
<span>b. In
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