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Calculate the bank total deposits

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A bank has the following deposits and assets:

Checkable deposits, $280

Savings deposits,$1,300

Small time deposits, $700

Loans to businesses, $1,779

Outstanding credit card balances, $250

Government securities, $250

Currency,$1

Reserve account at the Fed,$6

Calculate the bank's total deposits and the amount of deposits that are part of M1 and M2.

Reference no: EM131405630

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