We have the following monetary and financial data about a country. (This country uses the same definitions of the terms as the United States). Currency = $2 billion Demand deposits = $3 billion Savings deposits = $50 billion Short-term government bonds (less than one year of maturity) = $20 billion Money money mutual fund deposits owned by institutions $10 billion Money money mutual fund deposits owned by individuals = $10 billion Small time deposits = $10 billion Large time deposits = $45 billion Commercial paper = $60 billion Calculate the following: M1 Before April 2020 Regulation = billion dollars M2 Before April 2020 Regulation = billion dollars M1 After April 2020 Regulation = billion dollars M2 After April 2020 Regulation = billion dollars %3D

We have the following monetary and financial data about a country. (This country uses the same definitions of the terms as the United States). Currency = $2 billion Demand deposits = $3 billion Savings deposits = $50 billion Short-term government bonds (less than one year of maturity) = $20 billion Money money mutual fund deposits owned by institutions $10 billion Money money mutual fund deposits owned by individuals = $10 billion Small time deposits = $10 billion Large time deposits = $45 billion Commercial paper = $60 billion Calculate the following: M1 Before April 2020 Regulation = billion dollars M2 Before April 2020 Regulation = billion dollars M1 After April 2020 Regulation = billion dollars M2 After April 2020 Regulation = billion dollars %3D

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter29: International Finance

Section: Chapter Questions

Problem 2P

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