Consider the following data.CurrencyItemSavings and money market deposit accountsSmall-denomination time depositsTraveler's checks outside banks and thriftsValue ($ billions)6943,0781,6668Noninstitution money market mutual funds760Institution-only money market mutual fundsTransaction deposits208930Calculate M1. $billion.Calculate M2. $billion.13

Money refers to anything that can be used as a medium of exchange.It should be widely accepted.There…

Consider the following data. Calculate M1. $ Calculate M2. $ billion. billion. Item Currency Savings and money market deposit accounts Small-denomination time deposits Traveler's checks outside banks and thrifts Noninstitution money market mutual funds Institution-only money market mutual funds Transaction deposits Value ($ billions) 694 3,078 1,666 8 760 208 930

Consider the following data. Calculate M1. $ Calculate M2. $ billion. billion. Item Currency Savings and money market deposit accounts Small-denomination time deposits Traveler's checks outside banks and thrifts Noninstitution money market mutual funds Institution-only money market mutual funds Transaction deposits Value ($ billions) 694 3,078 1,666 8 760 208 930

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter12: Money, Banking And The Financial System

Section: Chapter Questions

Problem 12QP

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Similar questions

For the following list of items, indicate If they are in M1, M2, or neither: Your 5,000 line of credit on your Bank of America card 50 dollars worth of travelers checks you have not used yet 1 in quarters in your pocket 1200 in your checking account 2000 you have in a money market account
A bank has deposits of 400. It holds reserves of 50. It has purchased government bonds worth 70. It has made loans of 500. Set up a T-account balance sheet for the bank, with assets and liabilities, and calculate the banks net worth.
Consider the following data. Value (S billions) 657 Item Currency Savings and money market deposit accounts Small-denomination time deposits 3.094 1,546 Traveler's checks outside banks and thrifts Noninstitution money market mutual funds Institution-only money market mutual funds Transaction deposits 12 863 236 937 Calculate M1. $ billion.
Consider the following data. Value (S billions) 657 Item Currency Savings and money market deposit accounts Small-denomination time deposits 3,094 1,546 Traveler's checks outside banks and thrifts 12 Noninstitution money market mutual funds 863 Institution-only money market mutual funds 236 Transaction deposits 937 Calculate M1, $ 1606 billion. Calculate M2. $O billion.
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For the following list of items, indicate if they are in M1, M2, or neither: a. Your $5,000 line of credit on your Bank of America card b. $50 dollars’ worth of traveler’s checks you have not used yet c. $1 in quarters in your pocket d. $1200 in your checking account e. $2000 you have in a money market account
Question The table below shows the components of M1 and M2 in the U.S. Use the table to calculate Total M1. Round to the nearest third decimal place. Provide your answer below: trillion Components of M1 and M2 in the U.S. Currency Traveler's checks Demand deposits and other checking accounts Savings accounts Time deposits Individual money market mutual fund balances $ trillions $1.2 $0.004 $2.204 $9.805 $0.527 $1.176
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Use the table to calculate M1 and M2. Currency 1050 Savings deposits 5500 Small-denomination time. 1000 deposits Traveler's checks 10 Non-institutional money 800 market funds Institution-only money market 1800 funds Transactions deposits 1140 M1 = A ; M2 = = A/ (write numbers only, no commas)