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If it is estimated that the checking account (demand) deposits at the chartered banks are $500. Using the above information, calculate M1, and money multiplier (m).
(a)M1=$800, m=incomplete information
(b) M1=$1300, m=1.53
(C)M1=$1300, m=?
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The following data concern a new product to be launched by ABC Inc. Estimate the selling price per unit.
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