Homework Answers
The two main official measures of money in the United States are: M1 and M2 (as they are the most liquid measures of money supply)
Yes, the measures are really money (as they serve all the functions of money)
Thus, correct option: (B) M1 and M2 ; are
M1 = Currency + Checking deposits = 90 + 125 = $215
M2 = M1 + Savings deposits = 215 + 400 = $615
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What are the official measures of money? Are all the measures really money? The two main...
37) Fiat money means A) the money that has intrinsic value. B) only currency counts as...
37) Fiat money means A) the money that has intrinsic value. B) only currency counts as money. C) the money can be converted into gold. D) the government has decreed that something is money. 38) M1 is composed of A) currency held by individuals and businesses, traveler's checks, and the credit line on credit cards. B) currency held by individuals and businesses, traveler's checks, and demand deposits owned by individuals and businesses C) currency inside of banks, traveler's checks, and...
QUESTION 46 Time deposits Demand deposits and other checkable deposits Savings deposits Money market mutual funds...
QUESTION 46 Time deposits Demand deposits and other checkable deposits Savings deposits Money market mutual funds Traveler's checks $600 billion $400 billion $800 billion $700 billion $30 billion Currency $250 billion Other categories in M2 $20 billion Given the information above, what are the values of M1 and M2? . M1 = $650 billion, M2 - $2,830 billion b.M1 - 5400 billion, M2 = $3,080 billion. CM1 = $680 billion, M2-S2,800 billion d. Mi - 5680 billion, M2 = $3,200...
The M2 measure of money consists of the sum of Multiple Choice O M1, checking and...
The M2 measure of money consists of the sum of Multiple Choice O M1, checking and savings deposits, and currency. savings deposits, small time deposits, and money market mutual funds. currency, checking and savings deposits, and small time deposits M1 savings denosits small time deposits and money market mutual funds
Use the following table to determine the levels of M1 and M2 in the United States....
Use the following table to determine the levels of M1 and M2 in the United States. Money Categories in the United States Amount (billions of dollars) $82 80 Asset Currenc Money market funds Other checkable deposits Savings deposits Small time deposits Traveler's checks 37 460 Instructions: Enter your answers as a whole number. a. Calculate the M1 money supply billion b. Calculate the M2 money supply billion
Considering the following data (expressed in billions of U.S. dollars), calculate M1 and M2. M1 is...
Considering the following data (expressed in billions of U.S.
dollars), calculate M1 and M2.
M1 is $ billion. (Enter your response as a whole number.)
M2 is $ billion. (Enter your response as a whole number.)
Item Transactions deposits Savings deposits Small-denomination time deposits Money market deposit accounts Noninstitution money market mutual funds Traveler's checks outside banks and thrifts Currency Institution-only money market mutual funds Value (5 billions) 1,040 3,320 1,460 1,965 1,920 20 1,070 1,260
Consider the table presenting information about an economy's money supply. $982 billion Currency in circulation Checkable...
Consider the table presenting information about an economy's money supply. $982 billion Currency in circulation Checkable deposits Savings accounts Money market mutual funds $1,334.7 billion $6,3122 lion $695.3 billion Calculate the values of MI and M2 Time deposits less than $100,000 $797.3 billion Traveler's checks Gold coins $4.7 billiorn $1.4 billion billion billion
really money supply, monetary base, nominal GDP, real GDPprice level and M1 21. If the capital...
really money supply, monetary base, nominal GDP, real GDPprice
level and M1
21. If the capital stock in the country for #19 was 1000 at the end of the previous year, then what was the value for the capital stock at the end of this year? 22. Calculate the value for M1 using the data given below. ANS: M1 = traveler's vault Savings Checking account balances = 2000 checks = 100 Currency in circulation - 1000 cash = 200 Money...
M1 and M2 are two definiions of money supply. Determine if the items listed are included...
M1 and M2 are two definiions of money supply. Determine if the items listed are included in the money supply under each of these definitions and place them in the appropriate category. M1 only M2 only M1 and M2 Neither M1 nor M2 Answer Bank credit cards balances in checking accounts traveler's checks balances in savings accounts common stock currency certificates of deposit gold money market account balances
QUESTION 1 2 points Save Answer You are planning on having a garage sale, so you...
QUESTION 1 2 points Save Answer You are planning on having a garage sale, so you put price tags on all your used goods that you want to get rid of. You are using money as a O a unit of account O a medium of exchange O a store of value QUESTION 2 2 points Save Answer Amanda routinely uses currency to purchase her groceries. She is using money as a O a unit of account O a medium...
In June 2013, currency held by individuals and businesses was $1,124 billion; traveler's businesses were $1,402...
In June 2013, currency held by individuals and businesses was $1,124 billion; traveler's businesses were $1,402 billion; savings deposits were $6,884 billion; time deposits were $583 billion; and money market funds and other deposits were S 647 billion. checks were $4 billion; checkable deposits owned by individuals and Calculate M1 and M2 in June 2013 M1 in June 2013 is billion M2 in June 2013 is $ billion.
37) Fiat money means A) the money that has intrinsic value. B) only currency counts as money. C) the money can be converted into gold. D) the government has decreed that something is money. 38) M1 is composed of A) currency held by individuals and businesses, traveler's checks, and the credit line on credit cards. B) currency held by individuals and businesses, traveler's checks, and demand deposits owned by individuals and businesses C) currency inside of banks, traveler's checks, and...
QUESTION 46 Time deposits Demand deposits and other checkable deposits Savings deposits Money market mutual funds Traveler's checks $600 billion $400 billion $800 billion $700 billion $30 billion Currency $250 billion Other categories in M2 $20 billion Given the information above, what are the values of M1 and M2? . M1 = $650 billion, M2 - $2,830 billion b.M1 - 5400 billion, M2 = $3,080 billion. CM1 = $680 billion, M2-S2,800 billion d. Mi - 5680 billion, M2 = $3,200...
The M2 measure of money consists of the sum of Multiple Choice O M1, checking and savings deposits, and currency. savings deposits, small time deposits, and money market mutual funds. currency, checking and savings deposits, and small time deposits M1 savings denosits small time deposits and money market mutual funds
Use the following table to determine the levels of M1 and M2 in the United States. Money Categories in the United States Amount (billions of dollars) $82 80 Asset Currenc Money market funds Other checkable deposits Savings deposits Small time deposits Traveler's checks 37 460 Instructions: Enter your answers as a whole number. a. Calculate the M1 money supply billion b. Calculate the M2 money supply billion
Considering the following data (expressed in billions of U.S.
dollars), calculate M1 and M2.
M1 is $ billion. (Enter your response as a whole number.)
M2 is $ billion. (Enter your response as a whole number.)
Item Transactions deposits Savings deposits Small-denomination time deposits Money market deposit accounts Noninstitution money market mutual funds Traveler's checks outside banks and thrifts Currency Institution-only money market mutual funds Value (5 billions) 1,040 3,320 1,460 1,965 1,920 20 1,070 1,260
Consider the table presenting information about an economy's money supply. $982 billion Currency in circulation Checkable deposits Savings accounts Money market mutual funds $1,334.7 billion $6,3122 lion $695.3 billion Calculate the values of MI and M2 Time deposits less than $100,000 $797.3 billion Traveler's checks Gold coins $4.7 billiorn $1.4 billion billion billion
really money supply, monetary base, nominal GDP, real GDPprice
level and M1
21. If the capital stock in the country for #19 was 1000 at the end of the previous year, then what was the value for the capital stock at the end of this year? 22. Calculate the value for M1 using the data given below. ANS: M1 = traveler's vault Savings Checking account balances = 2000 checks = 100 Currency in circulation - 1000 cash = 200 Money...
M1 and M2 are two definiions of money supply. Determine if the items listed are included in the money supply under each of these definitions and place them in the appropriate category. M1 only M2 only M1 and M2 Neither M1 nor M2 Answer Bank credit cards balances in checking accounts traveler's checks balances in savings accounts common stock currency certificates of deposit gold money market account balances
QUESTION 1 2 points Save Answer You are planning on having a garage sale, so you put price tags on all your used goods that you want to get rid of. You are using money as a O a unit of account O a medium of exchange O a store of value QUESTION 2 2 points Save Answer Amanda routinely uses currency to purchase her groceries. She is using money as a O a unit of account O a medium...
In June 2013, currency held by individuals and businesses was $1,124 billion; traveler's businesses were $1,402 billion; savings deposits were $6,884 billion; time deposits were $583 billion; and money market funds and other deposits were S 647 billion. checks were $4 billion; checkable deposits owned by individuals and Calculate M1 and M2 in June 2013 M1 in June 2013 is billion M2 in June 2013 is $ billion.
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