1. In May 2017, currency held by individuals and businesses was $1,469 billion; traveler's checks were $2 billion; checkable deposits owned by individuals and businesses were $2,034 billion; savings deposits were $8,958 billion; time deposits were $355 billion; and money market funds and other deposits were $1,746 billion. Calculate M1 and M2 in May 2017.

In June 2014, individuals and businesses held: • $50 billion in currency • $1,000 billion in chequable deposits $5,000 billion in non-chequable deposits $750 billion in fixed term deposits and other deposits • 1 In June 2014, banks held: $450 billion in currency $100 billion in reserves at the central bank $800 billion in loans to households and businesses .

In an economy, savings deposits are $10,000 billion, currency is $1,500 billion, checkable deposits are $4,000 billion, money market funds and other deposits are $1,000 billion, and small time deposits are $200 billion. What are the values of M1 and M2? M1 is _______ and M2 is _______.  A. $16,700 billion; $5,500 billion B. $5,500 billion; $16,700 billion C. $15,500 billion; $6,700 billion D. $1,500 billion; $20,700 billion

MONEY IN THE ECONOMY ($billions) Currency held by the public = $1,000 Demand Deposits = $3,000 Other Liquid Deposits = $12,000 Small Denomination Time Deposits = $500 Retail Money Market Funds = $1,500 Based on the information above, the money supply as measured by M1 is equal to: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $1,000 billion. b $4,000 billion. C $16,000 billion. d $18,000 billion. X Your answer

How does the private banking system create money (use M1 as the definition of money supply)? (Private banks are the ones like you, your family, and your friends do their banking at.) Group of answer choices A) The private banking system cannot create money. B) Minting coins. C) Lending a fraction of their deposits. D) Printing and distributing paper money. E) Buying government bonds.

[Related to the Solved Problem] Consider the following data: Currency Checkable deposits Bank reserves $930 billion $780 billion $780 billion a. Calculate the values for the currency-to-deposit ratio, the ratio of total reserves to deposits, the monetary base, the M1 money multiplier, and the M1 money supply The currency-to-deposit ratio is (Enter your response rounded to two decimal places.)

Money aggregates

Use the following values in this T-account to answer the questios below: (use 2 decimal places for any answer that have decimals) ASSETS Reserves Loans Gov. Bonds $1,000 Stocks $1,250 $750 LIABILITIES $10,000 www 1. Assume that the bank only keeps Required Reserves. What is the reserve requirement in this economy? Blank 1% 2. Based on the information provided, how much money would be available for investments by this bank? Blank 2 3. Based on the information provided, how much money does this bank hold in form of loans? Blank 3

Table 29-2. An economy starts with $10,000 in currency. All of this currency is deposited into a single bank, and the bank then makes loans totaling $9,250. The T-account of the bank is shown below. 24. Reserves Loans Assets $750 9,250 Liabilities Deposits $10,000 Refer to Table 29-2. The bank's reserve ratio is a. 7.50 percent. b. 8.12 percent. C. 92.50 percent. d. 100 percent. 25. Refer to Table 29-2. If all banks in the economy have the same reserve ratio as this bank, then the value of the economy's money multiplier is a. 1.33. b. 10.00. C. 10.81. d. 13.33. 26. Refer to Table 29-2. If all banks in the economy have the same reserve ratio as this bank, then an increase in reserves of $150 for this bank has the potential to increase deposits for all banks by a. $866.67. b. $1,666.67. C. $2,000.00. d. an infinite amount.