Homework Answers
Q26) M1= Currency + Travelers checks + checkable deposits
M1 = 100m + 300m + 50m = 450 m
Option B is correct
Q27) M2 = M1 + savings deposits + small-denomination time deposits + money market mutual funds + other liquid assets
M2 = 450m + 75m + 700m + 500m +150m = 1875m
Option C is correct
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O D. currency in circulation plus checkable deposits plus traveler's checks Use the following to answer...
Ml equals currency + demand deposits + A)nothing else B)othere checkable deposits. C)traveler's checks + other checkable deposits. D)traveler's checks + other checkable deposits -+ savings de...
Ml equals currency + demand deposits + A)nothing else B)othere checkable deposits. C)traveler's checks + other checkable deposits. D)traveler's checks + other checkable deposits -+ savings deposits 2. If you deposit $100 of currency into a demand deposit at a bank, this action by itself A)does not change the money supply. B)increases the money supply. C)decreases the money supply. D)has an indeterminate effect on the money supply. 3. The manager of the bank where you work tells you that your...
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
. In May 2017, currency held by individuals and businesses was $1,469 billion; traveler's checks were...
. In May 2017, currency held by individuals and businesses was $1,469 billion; traveler's checks were $2 billion; checkable deposits owned by individuals and businesses were $2,034 billion; savings deposits were $8,958 billion; time depos- its were $355 billion; and money market funds and other deposits were $1,746 billion. Calculate M1 and M2 in May 2017.
Question 18 The Ml measure of the money supply as Currency in circulation plus checking account...
Question 18 The Ml measure of the money supply as Currency in circulation plus checking account deposits Currency in circulation plus checking account deposits plus traveler's checksplus savings deposits Currency in circulation currency in circulation plus checking account deposits plus traveler's checks Question 19 of the marginal product fibor is less than the ominal ward ed by the price of output arm that wishes to maximise prots will maintain its current level of words Wire more labor layoff workers rate...
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits...
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion then the money supply is a) 1200 b)8400 c) 8000 d)1200.8 answer is A
and other Year Currency Traveler's checkable Money Sna time Savings MI M2 in checks deposits market...
and other Year Currency Traveler's checkable Money Sna time Savings MI M2 in checks deposits market deposits deposits mutual funds Circulation 1998 8.5 626.5 728.9 952.4 1,605.0 1,095.5 1999 517.8 8.6 596.2 819.7 956.8 1,740.3 2000 531.2 8.3 548.0 1047.6 1,878.8 4,921.9 2001 8.0 592.6 962.3 976.5 2,312.8 1,181.8 2002 626.3 7.8 585.6 885.3 896.0 5,779.2 2003 662.5 7.7 777.4 818.7 3,169.1 1,306,1 2004 697.6 7.5 671.2 697.1 829.9 2005 723.9 3,518.3 3,621.4 1,374.5 643.4 699.9 995.8 2006 748.9 6.7...
Currency held outside banks is $400 billion, checkable deposits is $350 billion, traveler’s checks are $2...
Currency held outside banks is $400 billion, checkable deposits is $350 billion, traveler’s checks are $2 billion, and money market mutual funds (retail) are $100 billion. What does M1 equal?
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...
Consider a banking system with the following characteristics: Currency in circulation: $250 million Checkable Deposits: $500...
Consider a banking system with the following characteristics: Currency in circulation: $250 million Checkable Deposits: $500 million Bank Reserves: $100 million Reserve Requirement: 10% Calculate the following. Make sure to show your work. Currency ratio Excess reserve ratio Monetary base Money multiplier M1 money supply Repeat the calculations in part a above, but assuming that households now decide to hold more in currency in circulation: $300 million. What can we conclude about the effect that this change in the public’s...
1. Suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900...
1. Suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900 billion, required reserve on checkable deposits is 10% and excess reserves are $15 billion. a. Calculate the money supply, the currency deposit ratio, the excess reserve ratio, and the money multiplier. Suppose the central bank conducts an unusually large open market purchase of bonds held by banks of $1400 billion due to a sharp contraction in the economy. Assuming the ratios, you calculated in...
Ml equals currency + demand deposits + A)nothing else B)othere checkable deposits. C)traveler's checks + other checkable deposits. D)traveler's checks + other checkable deposits -+ savings deposits 2. If you deposit $100 of currency into a demand deposit at a bank, this action by itself A)does not change the money supply. B)increases the money supply. C)decreases the money supply. D)has an indeterminate effect on the money supply. 3. The manager of the bank where you work tells you that your...
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
. In May 2017, currency held by individuals and businesses was $1,469 billion; traveler's checks were $2 billion; checkable deposits owned by individuals and businesses were $2,034 billion; savings deposits were $8,958 billion; time depos- its were $355 billion; and money market funds and other deposits were $1,746 billion. Calculate M1 and M2 in May 2017.
Question 18 The Ml measure of the money supply as Currency in circulation plus checking account deposits Currency in circulation plus checking account deposits plus traveler's checksplus savings deposits Currency in circulation currency in circulation plus checking account deposits plus traveler's checks Question 19 of the marginal product fibor is less than the ominal ward ed by the price of output arm that wishes to maximise prots will maintain its current level of words Wire more labor layoff workers rate...
and other Year Currency Traveler's checkable Money Sna time Savings MI M2 in checks deposits market deposits deposits mutual funds Circulation 1998 8.5 626.5 728.9 952.4 1,605.0 1,095.5 1999 517.8 8.6 596.2 819.7 956.8 1,740.3 2000 531.2 8.3 548.0 1047.6 1,878.8 4,921.9 2001 8.0 592.6 962.3 976.5 2,312.8 1,181.8 2002 626.3 7.8 585.6 885.3 896.0 5,779.2 2003 662.5 7.7 777.4 818.7 3,169.1 1,306,1 2004 697.6 7.5 671.2 697.1 829.9 2005 723.9 3,518.3 3,621.4 1,374.5 643.4 699.9 995.8 2006 748.9 6.7...
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...
1. Suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900 billion, required reserve on checkable deposits is 10% and excess reserves are $15 billion. a. Calculate the money supply, the currency deposit ratio, the excess reserve ratio, and the money multiplier. Suppose the central bank conducts an unusually large open market purchase of bonds held by banks of $1400 billion due to a sharp contraction in the economy. Assuming the ratios, you calculated in...
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