1. State whether the following are part of M1 but not M2, M2 but not M1,...
1. State whether the following are part of M1 but not M2, M2 but not M1, part of both M1 and M2, or are not part of either M1 or M2:
a. $600 in your checking account (2)
b. $1,000 line of credit with your credit card (2)
c. $2 million held in a commercial bank (2)
d. $1000 held in a money market fund online (2)
e. Three dollars and four nickels in your pocket (2)
Homework Answers
a. $600 in your checking account - part of both M1 and M2
b. $1,000 line of credit with your credit card -Not part of either
c. $2 million held in a commercial bank - Part of M2 but not M1
d. $1000 held in a money market fund online -Part of M2 but not M1
e. Three dollars and four nickels in your pocket -part of M1 and M2
Add Answer to:
1. State whether the following are part of M1 but not M2, M2 but
not M1,...
1. Indicate whether each of the following is part of M1, M2, or neither. a. $95...
1. Indicate whether each of the following is part of M1, M2, or neither. a. $95 on your campus card. b. $0.55 in the change cup of your car. C. $1,663 in your savings account. d. $459 in your checking account. 2. Using the quantity theory of money equation M*V=P*Y, if real GDP is $1000 and the price level $100 and if the velocity of money is constant at 5, a. how much money will be in the economy (money...
2) For each of the following think about whether the portion of assets the person has...
2) For each of the following think about whether the portion of assets the person has in both M1 and M2 is going up, down, or staying the same. Provide a brief explanation (i.e. for each part you should state what happens to M1 and what happens to M2). a) Emily withdraws funds from her checking account and deposits them into a money market mutual fund. b) Emilia withdraws funds from her checking account and uses them to buy shares...
2) For each of the following think about whether the portion of assets the person has...
2) For each of the following think about whether the portion of assets the person has in both M1 and M2 is going up, down, or staying the same. Provide a brief explanation (i.e. for each part you should state what happens to MI and what happens to M2) Emily withdraws funds from her checking account and deposits them into a money market mutual fund. b) Emilia withdraws funds from her checking account and uses them to buy shares of...
Which of the following is part of the M2 definition of the money supply, but not...
Which of the following is part of the M2 definition of the money supply, but not part of M1?a. Checkable depositsb. Currency held in banksc. Currency in circulationd. Money market mutual fund shares
5. Suppose that gasoline in Toronto, Canada, costs 1.25 Canadian dollars per liter, and 1 U.S....
5. Suppose that gasoline in Toronto, Canada, costs 1.25 Canadian dollars per liter, and 1 U.S. dollar trades for 1.32 Canadian dollars. Explain how this information entails two unit-of-measurement problems for a typical U.S. citizen stopping to buy gas in Toronto who wants to know how much the gas “really” costs. (Hint: One of the unit-of-measurement problems involves money, and the other one involves measures of volume.) 6. For each of the following items, say whether it is counted in...
Please show all work Monetary aggregates II. For each of the following transactions identify by how...
Please show all work
Monetary aggregates II. For each of the following transactions identify by how much M1 and M2 change. (a) (3 points) You receive a check for $2,500 from your employer. You deposit the check into your checking account. You then withdraw $500 as cash and transfer $1,000 into your savings account, and use the remainder to purchase shares of a stock market mutual fund (b) (3 points) Umut has $4 million of funds in a savings account....
4. Money stock Identify whether each of the following examples belongs in M1 or M2. If...
4. Money stock Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes Example M1 M2 Dmitri has a roll of quarters that he just withdrew from the bank to do laundry. Latasha has $8,000 in a two-year certificate of deposit (CD). Jake has $25,000 in a money market account.
1 and 2 please 1. (2.5 points) For the following, say whether each is included in M1: a. currency b. credit card fun...
1 and 2 please
1. (2.5 points) For the following, say whether each is included in M1: a. currency b. credit card funds available C. checking account balances d. savings account balances e. traveler's checks 2. (2.5 points) For the following, say whether each is included in M2: a. currency b. savings deposits in banks c. everything in M1 d. certificates of deposit worth $250,000 e. a time deposit worth $25,000
Not Started Status Grade Scale Instructions Answer the following questions: Points (max 20.00) 1 Dean Winchester...
Not Started Status Grade Scale Instructions Answer the following questions: Points (max 20.00) 1 Dean Winchester has $10,000 in cash. He deposits $2,000 in his checking account, buys $1,000 of travelar's checks, puts $3,000 in his money-market mutual fund, and buys a $4,000 CD. How does this transaction affect M1 and M2? 2. Sams$100,000 CD matures. He deposits S 10,000 into his checking account, buys a CD for S50,000, and puts $3.000 into his money-market mutual fund. He does this...
Also growth rate M1 2010 2011 2012 M2 2010 2011 2012 The table to the right...
Also growth rate
M1 2010 2011 2012
M2 2010 2011 2012
The table to the right shows hypothetical values, in billions of dollars 2009 2010 2011 2012 950 965 971 975 679 688 A. Currency Use the table to calculate the M1 and M2 money supply for each year. (Enter your responses rounded to the nearest dollar,) B. C. Saving account D. Money market E. Demand and F. Small-denomination G. Traveler's checks Money market mutual fund shares 676 681 2...
1. Indicate whether each of the following is part of M1, M2, or neither. a. $95 on your campus card. b. $0.55 in the change cup of your car. C. $1,663 in your savings account. d. $459 in your checking account. 2. Using the quantity theory of money equation M*V=P*Y, if real GDP is $1000 and the price level $100 and if the velocity of money is constant at 5, a. how much money will be in the economy (money...
2) For each of the following think about whether the portion of assets the person has in both M1 and M2 is going up, down, or staying the same. Provide a brief explanation (i.e. for each part you should state what happens to MI and what happens to M2) Emily withdraws funds from her checking account and deposits them into a money market mutual fund. b) Emilia withdraws funds from her checking account and uses them to buy shares of...
Please show all work
Monetary aggregates II. For each of the following transactions identify by how much M1 and M2 change. (a) (3 points) You receive a check for $2,500 from your employer. You deposit the check into your checking account. You then withdraw $500 as cash and transfer $1,000 into your savings account, and use the remainder to purchase shares of a stock market mutual fund (b) (3 points) Umut has $4 million of funds in a savings account....
4. Money stock Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes Example M1 M2 Dmitri has a roll of quarters that he just withdrew from the bank to do laundry. Latasha has $8,000 in a two-year certificate of deposit (CD). Jake has $25,000 in a money market account.
1 and 2 please
1. (2.5 points) For the following, say whether each is included in M1: a. currency b. credit card funds available C. checking account balances d. savings account balances e. traveler's checks 2. (2.5 points) For the following, say whether each is included in M2: a. currency b. savings deposits in banks c. everything in M1 d. certificates of deposit worth $250,000 e. a time deposit worth $25,000
Not Started Status Grade Scale Instructions Answer the following questions: Points (max 20.00) 1 Dean Winchester has $10,000 in cash. He deposits $2,000 in his checking account, buys $1,000 of travelar's checks, puts $3,000 in his money-market mutual fund, and buys a $4,000 CD. How does this transaction affect M1 and M2? 2. Sams$100,000 CD matures. He deposits S 10,000 into his checking account, buys a CD for S50,000, and puts $3.000 into his money-market mutual fund. He does this...
Also growth rate
M1 2010 2011 2012
M2 2010 2011 2012
The table to the right shows hypothetical values, in billions of dollars 2009 2010 2011 2012 950 965 971 975 679 688 A. Currency Use the table to calculate the M1 and M2 money supply for each year. (Enter your responses rounded to the nearest dollar,) B. C. Saving account D. Money market E. Demand and F. Small-denomination G. Traveler's checks Money market mutual fund shares 676 681 2...
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