Econ Macro (book Only)
6th Edition
ISBN: 9781337408745
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 14, Problem 2P
To determine
To calculate:
The value of M1 and M2 using the given information.
Concept Introduction:
Money supply in the economy is measured through money aggregates. Apart from the currency notes and coins, there are many ways in which the money supply takes places in the economy. They form a part of the narrow definition of money, M1, and the other part is the broader definition of money supply, M2.
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Is demand deposit and current deposit at bank same
The M2 measure of money include(s)
debit cards.
bitcoin.
money market funds.
credit cards.
Question 2 (1 point)
Juanita runs a bakery and each morning she makes sure her register is stocked with
coins and small bills in order to make change.
What use of money is Juanita relying upon?
Unit of account
Medium of exchange
Store of value
Gold standard
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