Which of the following is not included in M1? coins credit cards paper money O checking deposits

​          Billions $ ​ Small time deposits ​   ​ 1014 ​ Money-market mutual funds held by businesses ​   ​ 1190 ​ Savings deposits, including money-market deposit accounts ​   ​ 3649 ​   ​ Money-market mutual funds held by individuals ​   ​ 744 ​   ​ Checkable deposits ​   ​ 633 ​   ​ Currency ​ 743 ​   (a) What is the value of M1?   ​ (b) What is the value of M2?

Use the following table to determine the levels of M1 and M2 In the United States. Money Categories in the United States Asset Currency Demand deposits Money market funds other checkable deposits Savings deposits Small time deposits Traveler's checks $ Instructions: Enter your answers as a whole number. a. Calculate the M1 money supply. billion b. Calculate the M2 money supply. Amount (billions of dollars) $89 86 47 40 481 billion 6

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“Money not backed by gold or silver is worthless paper and is a fraud committed against the people of the United States.” Critically evaluate this statement.

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Which items from the list is considered M1? Checking Accounts Coins Money market Account Paper Money (bills) Saving Accounts Time deposits Travelers cheques

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Assume that the currency-deposit ratio is 0.5, the required reserve ratio is 0.1, and the excess reserves to deposit ratio is 0.15. If the monetary base is $2 trillion, fınd (a) the amount of currency in circulation in billions of dollars (b) required reserves in billions of dollars (c) excess reserves in billions of dollars.