Jackie has the following list of assets 45 in coins and cur

Jackie has the following list of assets: • $45 in coins and currency in her purse • A $100 bill in her jewellery box at home • $1,200 in a savings account in a chartered bank • $500 in a chequin

Statistic

g account in a chartered bank (Jackie never carries her chequebook, however, because she has a debit card that is connected to the chequing account.) • $500 in a credit union savings account a. What is the dollar value of Jackie\'s assets that are considered part of the monetary aggregate M1 b. What is the dollar value of Jackie\'s assets that are considered part of the monetary aggregate M2 (but not M2+)

Solution