What is the value of checking deposits in pesos

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In a hypothetical economy, the monetary aggregate M1 equals 120,000 pesos, and M2 equals 320,000 pesos. The following information about this economy is also available: Money market deposit accounts 80,000 Amount of currency held outside of banks, plus traveler's checks 40,000 Money market mutual funds 70,000 Total amount charged on credit cards 20,000 16.1. What is the value of checking deposits in pesos? Please enter a whole number, with no decimal point.

Reference no: EM13213520

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