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Use the Following to Answer Questions: Table: Statistics for a Small

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Use the following to answer questions: Table: Statistics for a Small Economy  Item  Value in dollars ($)   Cash held by public 7 million  Small-time deposits 30 million  Money market mutual funds 18 million  Checkable deposits 36 million  Currency & total reserves at the Fed 12 million  Large-time deposits 20 million  Demand deposits 14 million \begin{array} { l c } \hline \text { Item } & \text { Value in dollars (\$) } \\\hline \text { Cash held by public } & 7 \text { million } \\\text { Small-time deposits } & 30 \text { million } \\\text { Money market mutual funds } & 18 \text { million } \\\text { Checkable deposits } & 36 \text { million } \\\text { Currency \& total reserves at the Fed } & 12 \text { million } \\\text { Large-time deposits } & 20 \text { million } \\\text { Demand deposits } & 14 \text { million } \\\hline\end{array}
-(Table: Statistics for a Small Economy) Refer to the table. The table shows some statistics for a small economy. Using only the information provided, M1 in this country amounts to:


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