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If the required reserve ratio is 0.2, the level of deposits is $1,000, the level of currency held by the public is $100, the level of excess reserves is $100, the level of money market funds is $1,000 and the level of time deposits is $2,000, then m2 is
General Journal
A primary accounting record used to record all types of transactions, including adjustments, in chronological order.
General Ledger
A comprehensive collection of a company's accounts, including all transactions and balances, used for preparing financial statements.
Special Journal
A type of accounting journal designed for recording a specific kind of transaction in a more efficient and detailed manner.
General Journal
A comprehensive record of all financial transactions of a company, listed in chronological order.
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