Refer to the following table to answer the questions that follow. Checkable deposits Currency Traveler's checks Money market mutual funds Small time deposits Savings deposits Using the table, what is the value of M2? a. $57,500,000 b. $46,500,000 c. $65,000,000 d. $47,500,000 e. $13,500,000 $12,500,000 $34,000,000 $1,000,000 $10,000,000 $7,000,000 $500,000

Refer to the following table to answer the questions that follow. Checkable deposits Currency Traveler's checks Money market mutual funds Small time deposits Savings deposits Using the table, what is the value of M2? a. $57,500,000 b. $46,500,000 c. $65,000,000 d. $47,500,000 e. $13,500,000 $12,500,000 $34,000,000 $1,000,000 $10,000,000 $7,000,000 $500,000

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter25: Money, Banking, And The Federal Reserve System

Section: Chapter Questions

Problem 4P

See similar textbooks

Similar questions

What components of money do we count in M2?
Should banks have to hold 100 of their deposits? Why or why not?
What are the four functions that money serves?
In a program of deposit insurance as it is operated in the United States, what is being insured and who pays the insurance premiums?
1) Explain the differences between, saving, checking, and money market accounts, what are the potential risks of a money market account? 2) Give a scenario for which you, a high school senior might use a certificate of deposit (CD). What are the risks/rewards of using a CD? 3) Who insures bank customers money in case of an economic collapse, and for how much?
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
Explain why this following statement is true or false? a) Saving deposits, Money market mutual fund, Small time deposits are included in M1 and smaller than M2.
5. Calculate M1 and M2 using details from the table given below. Value (in millions) Currency $80 Checkable deposits 30 Traveler's checks 15 Savings deposits 120 Small-denomination time deposits 80 Money market mutual funds 50
1. Inventory in detail all the vehicles you use for managing your cash flows, Include all your accounts that are mediated through banks and finance companies. Also, list your cards issued by banks, such as debit or ATM cards, and identify any direct deposits and automatic payments that are made through your savings and checking accounts. How might you further enhance your cash management through the use of banking tools?