Q12. The following is hypothetical financial information about the US economy. What is M1 and M2? Items Amount Amounts owed on credit cards $279 billion Traveler's checks held by the public $38 billion Savings deposits $400 billion Credit limits on credit cards $514 billion Bills and coins in circulation $615 billion Checking account deposits $905 billion Small time deposits $2,321 billion Mutual funds held by public $2,956 billion M1 is $1,958 billion and M2 is $7,235 billion. M1 is $1,558 billion and M2 is $7,235 billion. M1 is $1,958 billion and M2 is $7,514 billion. M1 is $1,558 billion and M2 is $7,514 billion.

Q12. The following is hypothetical financial information about the US economy. What is M1 and M2? Items Amount Amounts owed on credit cards $279 billion Traveler's checks held by the public $38 billion Savings deposits $400 billion Credit limits on credit cards $514 billion Bills and coins in circulation $615 billion Checking account deposits $905 billion Small time deposits $2,321 billion Mutual funds held by public $2,956 billion M1 is $1,958 billion and M2 is $7,235 billion. M1 is $1,558 billion and M2 is $7,235 billion. M1 is $1,958 billion and M2 is $7,514 billion. M1 is $1,558 billion and M2 is $7,514 billion.

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

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Central Pipeline MindTap - Cengage Learning Content crosot ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=58326424525984828412294502&elSBN=9781337915601&id%3D1276443767&snaps. CENGAGE MINDTAP Q Searc Aplia Homework: Banking and the Money Supply Back to Assignment Attempts Keep the Highest/ 1 1. Money aggregates Identify whether each example in the following table belongs in M1, M2, or both. If an example belongs in both, be sure to check both boxes. Example M1 M2 Alyssa has $8,000 in a two-year certificate of deposit (CD). Nick has a roll of quarters that he just withdrew from the bank to do laundry. Tim has $25,000 in a money market account. Grade It Now Save & Continue Continue without saving
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