MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Question
Chapter 14, Problem 6SQ
To determine
The components of M1 money supply.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
(a) The following table provides data for the components of money supply for
Malaysia.
Items
RM (Million)
Fiat money
9,700
Paper money
6,740
Fixed and savings deposit in commercial banks
13,600
Fixed and savings deposits in other financial
institutions
7,800
Negotiables and certificates
3,690
Central bank certificates
10,000
Current deposits in commercial banks
11,600
i.
Calculate M1, M2 and M3.
i.
Calculate near money and coins.
(b)
Inflation can be defined as a continuous increase in the general price level of
goods and services in the economy. With the aid of a diagram, discuss the 2
types of inflation.
Which of the following aren’t counted in the money supply of the US?
a.Coins
b.Travelers checks
c.Commodities
d.Debit accounts
e. Currency
Which of the following is not a function of money?
a. Unit of account
b. Store of value
c. Medium of exchange
d. Protection against inflation
Chapter 14 Solutions
MACROECONOMICS FOR TODAY
Ch. 14.1 - Prob. 1GECh. 14.1 - Prob. 2GECh. 14.4 - Prob. 1YTECh. 14.5 - Prob. 1YTECh. 14 - Prob. 1SQPCh. 14 - Prob. 2SQPCh. 14 - Prob. 3SQPCh. 14 - Prob. 4SQPCh. 14 - Prob. 5SQPCh. 14 - Prob. 6SQP
Ch. 14 - Prob. 7SQPCh. 14 - Prob. 8SQPCh. 14 - Prob. 9SQPCh. 14 - Prob. 10SQPCh. 14 - Prob. 1SQCh. 14 - Prob. 2SQCh. 14 - Prob. 3SQCh. 14 - Prob. 4SQCh. 14 - Prob. 5SQCh. 14 - Prob. 6SQCh. 14 - Prob. 7SQCh. 14 - Prob. 8SQCh. 14 - Prob. 9SQCh. 14 - Prob. 10SQCh. 14 - Prob. 11SQCh. 14 - Prob. 12SQCh. 14 - Prob. 13SQCh. 14 - Prob. 14SQCh. 14 - Prob. 15SQCh. 14 - Prob. 16SQCh. 14 - Prob. 17SQCh. 14 - Prob. 18SQCh. 14 - Prob. 19SQCh. 14 - Prob. 20SQ
Knowledge Booster
Similar questions
- Which of the following are considered money? (Check all that apply): A. Coins and paper money B. Debit cards and electronic funds transfers C. Checks D. Deposits in checking accountsarrow_forwardWhich of the following is NOT included as M1 money? A. Currency B. Travelers checks C. Demand deposits D. All of the above are included as M1 moneyarrow_forwardWhich of the following is NOT a function of money? A. A medium of exchange B. A measure of inflation C. A store of value D. A unit of accountarrow_forward
- QUESTION 11 Do federal gold reserves count as M1 money? A. No, gold is not part of M1 money B. No, but gold is included in M2 money C. Yes, gold is counted as part of checkable deposits D. Yes, gold is counted as part of currencyarrow_forwardWhich definition of the money supply includes credit cards?arrow_forwardMoney as a means of payments refers only to: a. Actual currency b. Coins and currency c. Coins, currency and credit cards d. Anything that is generally accepted as payment for goods and servicesarrow_forward
- If a society chooses fiat money as its money form, it __________.Group of answer choices A. will need to make sure the currency is convertible into gold B. must make sure there is an illiquid money supply C. should estimate any central bank D. must be particularly vigilant about controlling the quantity of moneyarrow_forwardThe money supply includes all of the following EXCEPT a.Metal coins b.paper currency c.lines of credit accessible with credit cards d.bank balances accessible with debit cardsarrow_forwardWhich of the following is considered least liquid? a) currency bills O b) Checking account c) Certificate of deposit O d) coinsarrow_forward
- Discuss the role of money over time. Explain why the US adopted the use of Fiat money.arrow_forwardWhich items from the list is considered M1? Checking Accounts Coins Money market Account Paper Money (bills) Saving Accounts Time deposits Travelers chequesarrow_forwardWhich of the following is included in M2 but not in M1? a. Currency b. Demand deposits c. Savings deposits d. Traveler's checarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Brief Principles of Macroeconomics (MindTap Cours...EconomicsISBN:9781337091985Author:N. Gregory MankiwPublisher:Cengage Learning
Essentials of Economics (MindTap Course List)EconomicsISBN:9781337091992Author:N. Gregory MankiwPublisher:Cengage Learning
Principles of Economics, 7th Edition (MindTap Cou...EconomicsISBN:9781285165875Author:N. Gregory MankiwPublisher:Cengage Learning
Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours...
Economics
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Essentials of Economics (MindTap Course List)
Economics
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Principles of Economics, 7th Edition (MindTap Cou...
Economics
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning