ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The Value of M1 is $16,000 and M2 is $20,000
Find the value of savings deposit with post office saving bank
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- Calculate the value of M2 given that the M1 measure of money supply is $85,000 and saving deposit with post office Savings bank is $5500arrow_forwardThe money in your personal checking account is counted as: A. Neither M1 nor M2 money B. M1 money only C. M2 money only D. M1 and M2 moneyarrow_forwardWrite a post that explains why money is not the universal measure of all value.arrow_forward
- Don't use ai to answer I will report your answer Solve it Asap with explanation and calculationarrow_forwardCalculate M2 if M1 is $3600 million and the Savings deposit with post office Savings bank is $5000 millionarrow_forwardYour answer is incorrect. The economy of Greatstown currently has $60.00 million worth of currency in circulation, $2.00 million worth of traveler's checks, $5.00 million in small time-deposits, and $30.00 million in savings deposits. Total M1 is equal to $120.00 million. Calculate the amount of checkable deposits in Greatstown: 58000000arrow_forward
- Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes. Example Kyoko has $6,000 in a six-month certificate of deposit (CD). Jacques has $2,000 in a savings account. Darnell has a roll of quarters that he just withdrew from the bank to do laundry. M1 00 M2 U Darrow_forwardM1 includes currency, checkable deposits, and traveler's checks, but M2 does not include M1 in any way. True Falsearrow_forwardIf M3 is $200 million and M1 is $88 million Find the value of net time deposit with banksarrow_forward
- If banks require 10% of transaction deposit in reserve, How much is the required reserve? How much is the excess reserve?arrow_forwardHow has bitcoin evolved over time, and how may it evolve further in the future? Does it fully fulfil all three functions of money?arrow_forwardConsider the three functions of money discussed in class: medium of exchange, unit of account, and store of value. Choose one function and describe what it means. What would economic transactions be like without this function? Would life be better or worse?arrow_forward
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