Homework Answers
M1:basic money supply that is used as medium of exchange. It is the most narrow definition of money supply and includes physical currency,demand deposits,traveler's checks and other checkable deposits. It does not include financial assets such as saving accounts and bonds.
M2: is that definition of money supply that includes all elements of M1 as well as near money.It includes cash,checking deposits and easily convertible near money.Near money includes saving deposits, money market securities,mutual funds and other time deposits.
M1
a currency: included
b credit card funds available: not included
c checking account balances: included
d savings account balances: not included
e traveler's checks: included
M2
a currency: included
b savings deposits in banks: included
c everything in M1: included
d certificates of deposit worth $250,000: not included
e a time deposit worth $ 25,000: included
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1 and 2 please 1. (2.5 points) For the following, say whether each is included in M1: a. currency b. credit card fun...
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
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...
Using the information below compute the M1 money supply. Category Currency and coin held by the...
Using the information below compute the M1 money supply. Category Currency and coin held by the public Checking account balances Traveler's checks Savings account balances Small denomination time deposits Money market deposit accounts in banks Noninstitutional money market fund shares Amount $100 $1,000 $10 $3,100 $5,000 $1,000 $2,000 The M1 money supply is equal to: $
Using the information below compute the M1 money supply.
Using the information below compute the M1 money supply. CategoryAmountCurrency and coin held by the public$1,000Checking account balances$1,200Traveler's checks$10Savings account balances$3,100Small denomination time deposits$5,000Money market deposit accounts in banks$1,000Noninstitutional money market fund shares$2,000The M1 money supply is equal to: $_______
This Question: 1 pt 4 of 15 2 complete Using the information below compute the M1...
This Question: 1 pt 4 of 15 2 complete Using the information below compute the M1 money supply Category Currency and coin held by the public Checking account balances Traveler's checks Savings account balances Smal denomination time deposits Money market deposit account in banks Nonitional money market fund shares Amount $900 $1.500 $10 $1,800 $5.000 $1,000 $2,000 The Money y sus MacBook Pro
Using the information below compute the M2 money supply. Category Currency and coin held by the...
Using the information below compute the M2 money supply. Category Currency and coin held by the public Checking account balances Traveler's checks Savings account balances Small denomination time deposits Money market deposit accounts in banks Noninstitutional money market fund shares Amount $700 $1,800 $10 $2,000 $5,000 $1,000 $2,000 The M2 money supply is $
This Question: 1 pt 2 of 15 (1 complete Using the information below compute the M2 money supply Category Currency a...
This Question: 1 pt 2 of 15 (1 complete Using the information below compute the M2 money supply Category Currency and coin held by the public Checking account balances Traveler's checks Savings account balances Small denomination time deposits Money market deposit accounts in banks Noninstitutional money market fund shares Amount $700 $1,000 $10 $2.600 $5,000 $1.000 $2.000 The M oney
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
1.)The ____________ is the sum of currency and reserve deposits, the monetary _________ of the central...
1.)The ____________ is the sum of currency and reserve deposits, the monetary _________ of the central bank A.)money stock; assets B.)money stock; liabilities C.)monetary base; liabilities D.)monetary base; assets 2.)Time deposits are ______ liquid than savings deposits and typically earn a _________ interest rate than savings deposits. A.)less; higher B.)more; higher C.)more; lower D.)less; lower 3.)If banks must hold $2 in reserves for each $10 in deposits, and the public decides to hold $3 in currency for each $10 in...
Which of the following statements about the monetary aggregates is true? OA. 0 B. ° C....
Which of the following statements about the monetary aggregates is true? OA. 0 B. ° C. The growth rates of M1 and M2 always track each other closely. M1 is greater than M2. When the growth rate of M2 increases, the growth rate of M1 must also increase. D. When you transfer funds from your savings account to your checking account, M1 increases and M2 stays the same. Given that, in billions of U.S. dollars, we have 863.2 in currency,...
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
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...
Using the information below compute the M1 money supply. Category Currency and coin held by the public Checking account balances Traveler's checks Savings account balances Small denomination time deposits Money market deposit accounts in banks Noninstitutional money market fund shares Amount $100 $1,000 $10 $3,100 $5,000 $1,000 $2,000 The M1 money supply is equal to: $
This Question: 1 pt 4 of 15 2 complete Using the information below compute the M1 money supply Category Currency and coin held by the public Checking account balances Traveler's checks Savings account balances Smal denomination time deposits Money market deposit account in banks Nonitional money market fund shares Amount $900 $1.500 $10 $1,800 $5.000 $1,000 $2,000 The Money y sus MacBook Pro
Using the information below compute the M2 money supply. Category Currency and coin held by the public Checking account balances Traveler's checks Savings account balances Small denomination time deposits Money market deposit accounts in banks Noninstitutional money market fund shares Amount $700 $1,800 $10 $2,000 $5,000 $1,000 $2,000 The M2 money supply is $
This Question: 1 pt 2 of 15 (1 complete Using the information below compute the M2 money supply Category Currency and coin held by the public Checking account balances Traveler's checks Savings account balances Small denomination time deposits Money market deposit accounts in banks Noninstitutional money market fund shares Amount $700 $1,000 $10 $2.600 $5,000 $1.000 $2.000 The M oney
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
Which of the following statements about the monetary aggregates is true? OA. 0 B. ° C. The growth rates of M1 and M2 always track each other closely. M1 is greater than M2. When the growth rate of M2 increases, the growth rate of M1 must also increase. D. When you transfer funds from your savings account to your checking account, M1 increases and M2 stays the same. Given that, in billions of U.S. dollars, we have 863.2 in currency,...
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