ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
The fastest growing money supply since 1970 has been ___________.
Group of answer choices
A. M1
B. M2
C. M3
D. M1 AND M3 WHICH HAVE GROWN EQUALLY FAST
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- Coins in people's pockets are A. included in M1, but not in M2. B. included in M2, but not in M1. C. included in M1 and M2. D. excluded from M1 and M2 because people can easily exchange them for Federal Reserve Notes.arrow_forwardn the table below, the money supply, defined by M3, is equal to ........ Currency held by the non-bank public ($ billion) Current deposits at banks ($, billion) Other deposits at banks and other deposits held by other deposit -taking institutions ($, billion) 60 240 1500 Select one: a. 1200 billion b. 1800 billion c. 1500 billion d. 1740 billionarrow_forwardTraveler's checks are included in... M1 and M2 money supply neither M1 nor M2 money supply M1 money supply only M2 money supply onlyarrow_forward
- Suppose Alice withdraws $10,000 from her savings account to purchase shares in a money market mutual fund. Alice's action will cause _______ in the M1 money supply and _______ in the M2 money supply, everything else held constant. Select one: an increase; no change an increase; a decrease a decrease; no change a decrease; an increasearrow_forward50. Commercial banks maintain their reserves in the form of cash in their bank vaults and deposits at the Bank of Canada. deposits at other commercial banks that are immediately accessible. cash in their bank vaults. cash and foreign currency at the Bank of Canada. gold in their bank vaults.arrow_forwardH)arrow_forward
- Pls help with below homework.arrow_forwardGive typing answer with explanation and conclusionarrow_forward12. Which of the following is not included in M1? a. Currency b. Demand deposits c. Savings deposits d. Traveler's checks 13. Rashad and Brianna decide to go on a vacation, As a result, they withdraw $5,000 from their savings account to purchase $5,000 worth of traveler's checks. As a result of these changes, a. MI increases by $5,000 and M2 decreases by $5,000. b. MI increases by $5,000 and M2 stays the same. c. MI and M2 stay the same. d. M1 decreases by $5,000 and M2 increases by $5,000. 14. When the Fed decreases the discount rate, banks will a. borrow more from the Fed and lend more to the public. The money supply increases. b. borrow more from the Fed and lend less to the public. The money supply decreases. c. borrow less from the Fed and lend more to the public. The money supply increases. d. borrow less from the Fed and lend less to the public. The money supply decreases. 15. The price index was 105 in Year 1 and 111 in Year 2. What was the inflation rate? a. 5.7 percent b.…arrow_forward
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