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What would currency in circulation as a percent be if m1 is1127.1?
Wiki User
∙ 12y ago
M1=currency + demand deposits
So, you will need more information for this question in order to answer it. M1 includes various components such as traveler's checks too; so, once you get the new information you should be able to determine exactly how much is currency in circulation.
Wiki User
∙ 12y ago
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