This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 1. Coins 2. Paper Currency Both are Currency 3. Demand Deposits 4. Checkable Deposits Both are Checkable Deposits = M1 Balance sheet for a Bank Physical: Assets, Plant. Equipment Financial: Cash, Securities, Reserve Deposits Liabilities: Loans from other banks or Fed Deposits...
View Full Document
- Fall '07
- Fed, checkable deposits