The table to the right shows hypothetical values, in billions of dollars. Use the table to calculate the M1 and M2 money supply for each year. (Enter your responses rounded to the nearest dollar) Total M1 Total M2 2009 1924 10240 M1 Growth rate M2 Growth rate 2010 1906 10565 2011 1919 11055 Calculate the growth rates of the M1 and M2 money supply from the previous year. (Enter your responses rounded to one decimal place. Use a minus sign to enter negative numbers.) 2010 2011 2012 1936 11716 2012 A. Currency B. Money market mutual fund shares C. Saving account deposits D. Money market deposit accounts E. Demand and checkable deposits F. Small-denomination time deposits G. Traveler's checks H. 3-month Treasury bills 2009 920 676 2010 2011 2012 930 936 941 677 675 684 5,600 5,880 6,068 6,205 1,200 1,231 1,260 1,315 1,000 972 980 993 840 871 1,133 1,576 4 4 3 2 1,996 2,384 2,446 2,512

Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
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Chapter19: The International Monetary System: Order Or Disorder
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The table to the right shows hypothetical values, in billions of dollars.
Use the table to calculate the M1 and M2 money supply for each year. (Enter your responses rounded to
the nearest dollar.)
Total M1
Total M2
2009
1924
10240
M1
Growth rate
M2
Growth rate
2010
1906
10565
2010
Calculate the growth rates of the M1 and M2 money supply from the previous year. (Enter your
responses rounded to one decimal place. Use a minus sign to enter negative numbers.)
2011
1919
11055
2011
2012
1936
11716
2012
27
A. Currency
B. Money market
mutual fund shares
C. Saving account
deposits
D. Money market
deposit accounts
E. Demand and
checkable deposits
F. Small-denomination
time deposits
G. Traveler's checks
H. 3-month Treasury
bills
2009
920
676
5,600
1,200
1,000
2010
930
677
840
5,880
2011
2012
936
941
675 684
6,068 6,205
1,231 1,260 1,315
972 980 993
871
1,133 1,576
4
3
2
1,996 2,384 2,446 2,512
Transcribed Image Text:The table to the right shows hypothetical values, in billions of dollars. Use the table to calculate the M1 and M2 money supply for each year. (Enter your responses rounded to the nearest dollar.) Total M1 Total M2 2009 1924 10240 M1 Growth rate M2 Growth rate 2010 1906 10565 2010 Calculate the growth rates of the M1 and M2 money supply from the previous year. (Enter your responses rounded to one decimal place. Use a minus sign to enter negative numbers.) 2011 1919 11055 2011 2012 1936 11716 2012 27 A. Currency B. Money market mutual fund shares C. Saving account deposits D. Money market deposit accounts E. Demand and checkable deposits F. Small-denomination time deposits G. Traveler's checks H. 3-month Treasury bills 2009 920 676 5,600 1,200 1,000 2010 930 677 840 5,880 2011 2012 936 941 675 684 6,068 6,205 1,231 1,260 1,315 972 980 993 871 1,133 1,576 4 3 2 1,996 2,384 2,446 2,512
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