How does a bankers acceptance differ from an ordinary check?
Rank the following instruments from most liquid to least >1$bill, share of ibm stock, municipal bond issued in alaska, treasury bill
Suppose the economy has 100$bil in currency, 50bil in checkable deposits, 150 in savings deposits,25bil in eurodolars,75bil in commercial paper, and 60$ billion in the money market deposit accounts. Assuming there aren’t money like assets determine the money stock as measured by M1