Answer the questions below from the data in table (all figures are in billions of dollars). Total currency issued by the Bank of Canada Total personal savings deposits Total demand deposits Deposits of government at the Bank of Canada Currency held by commercial banks Canada Savings Bonds and non-money market mutual funds Government bonds owned by the public Deposits at near-banks (certificates of deposit a. Total currency in circulation is $ billion. b. How much larger is M1 than the total currency in circulation? M1 is larger than total currency by $ billion. c. How much larger is M2 than M1? M2 is larger than M1 by $ d. How much larger is M2- than M2? M2+ is larger than M2 by $ e. How much larger is M2++ than M2+? M2++ is larger than M2+ by $ billion. billion. billion. $21 190 220 30 3 280 99 44 Prev Search 7 of 14 1 H

Answer the questions below from the data in table (all figures are in billions of dollars). Total currency issued by the Bank of Canada Total personal savings deposits Total demand deposits Deposits of government at the Bank of Canada Currency held by commercial banks Canada Savings Bonds and non-money market mutual funds Government bonds owned by the public Deposits at near-banks (certificates of deposit a. Total currency in circulation is $ billion. b. How much larger is M1 than the total currency in circulation? M1 is larger than total currency by $ billion. c. How much larger is M2 than M1? M2 is larger than M1 by $ d. How much larger is M2- than M2? M2+ is larger than M2 by $ e. How much larger is M2++ than M2+? M2++ is larger than M2+ by $ billion. billion. billion. $21 190 220 30 3 280 99 44 Prev Search 7 of 14 1 H

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter25: Money, Banking, And The Federal Reserve System

Section: Chapter Questions

Problem 16P

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Similar questions

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