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Refer to Table 8.1.1, which describes a banking system when all banks ar...

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Table 8.1.1

Actual reserves in banking system$1,000
Total chequable deposits$5,500
Securities held by chartered banks$1,000
Currency outside banks$500

Refer to Table 8.1.1, which describes a banking system when all banks are holding their desired reserves. What is M1+ in this economy?
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