M1 = 1,000 Small denomination time deposits = 1,500 Savings deposit = 1,800 Money market mutual funds = 300 Large denomination time deposits = 800 If M3 is 4,000, small denomination time deposits are 1,000, and large denomination time deposits are 500, how much is M2?
What will be an ideal response?
M2 = 4,000 - 500 = 3,500
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