Answer the questions below from the data in table (all figures are in billions of dollars). Total currency issued by the Bank of Canada. Total personal savings deposits Total demand deposits Deposits of government at the Bank of Canada) Currency held by commercial banks Canada Savings Bonds and non-money market mutual funds Government bonds owned by the public Deposits at near-banks (certificates of deposit a. Total currency in circulation is $ 15 billion. b. How much larger is M1 than the total currency in circulation? M1 is larger than total currency by $ 210 billion. c. How much larger is M2 than M1? M2 is larger than M1 by $ 189 d. How much larger is M2+ than M2? M2+ is larger than M2 by $ 43 e. How much larger is M2++ than M2++ is larger than M2+ by S M2+? 414 billion. billion. billion. $19 189 210 40 4 277 98 43

Answer the questions below from the data in table (all figures are in billions of dollars). Total currency issued by the Bank of Canada. Total personal savings deposits Total demand deposits Deposits of government at the Bank of Canada) Currency held by commercial banks Canada Savings Bonds and non-money market mutual funds Government bonds owned by the public Deposits at near-banks (certificates of deposit a. Total currency in circulation is $ 15 billion. b. How much larger is M1 than the total currency in circulation? M1 is larger than total currency by $ 210 billion. c. How much larger is M2 than M1? M2 is larger than M1 by $ 189 d. How much larger is M2+ than M2? M2+ is larger than M2 by $ 43 e. How much larger is M2++ than M2++ is larger than M2+ by S M2+? 414 billion. billion. billion. $19 189 210 40 4 277 98 43

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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