Consider the following data from the economy of Adanac. What are the values of M...
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Consider the following data from the economy of Adanac. What are the values of M1+ and M2+?
- Currency outside banks: $15 billion
- Personal and business chequable deposits: $40 billion
- Personal non-chequable deposits: $50 billion
- Business non-chequable deposits: $125 billion
- Currency held by banks: $200 billion
The value of M1+ is $________ billion and the value of M2+ is $________ billion.
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