Homework Answers
Answer
M1 = Notes and coins + All checkable deposits + Currency with banks
= 57+4+204+264
= $529
M2 = M1 + Non checkable deposits + fixed deposits
= 529+150+29+306
= $1014
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Ju 115. (OU Uusum) 3. (Definitions of money related question) In January 2011, currency is $57...
in january 2011, the currency was $57 billion and banks held $4 billion of notes and...
in january 2011, the currency was $57 billion and banks held $4 billion of notes and coins, personal chequable deposit were $204, non- personal chequable deposit were $264 , personal non-chequable deposit were $159, non- personal non- chequable deposit were $29 and fixed term deposit were $306. Q. what was the value of M1 And M2?
question 3 In June 2014, individuals and businesses held: • $50 billion in currency • $1,000...
question 3
In June 2014, individuals and businesses held: • $50 billion in currency • $1,000 billion in chequable deposits • $5,000 billion in non-chequable deposits • $750 billion in fixed term deposits and other deposits In June 2014, banks held: • $450 billion in currency • $100 billion in reserves at the central bank $800 billion in loans to households and businesses Use the information given on the right to make the following calculations. 1. Calculate the M1 and...
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question 3
In June 2014, individuals and businesses held: • $50 billion in currency • $1,000 billion in chequable deposits • $5,000 billion in non-chequable deposits • $750 billion in fixed term deposits and other deposits In June 2014, banks held: • $450 billion in currency • $100 billion in reserves at the central bank $800 billion in loans to households and businesses Use the information given on the right to make the following calculations. 1. Calculate the M1 and...
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