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b) Justify which year recorded the highest percentage of increment in money supply Mị by providing all the relevant calculations. c) Justify which year recorded the highest percentage of increment in money supply M2 by providing all the relevant calculations.

b) Justify which year recorded the highest percentage of increment in money supply Mị by providing all the relevant calculations. c) Justify which year recorded the highest percentage of increment in money supply M2 by providing all the relevant calculations.

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter14: Money And Banking
Section14.2: History Of Americans Money And Banking
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b) Justify which year recorded the highest percentage of increment in money supply Mị by providing all the relevant calculations. c) Justify which year recorded the highest percentage of increment in money supply M2 by providing all the relevant calculations.
Transcribed Image Text:b) Justify which year recorded the highest percentage of increment in money supply Mị by providing all the relevant calculations. c) Justify which year recorded the highest percentage of increment in money supply M2 by providing all the relevant calculations.
Table 1 displays data for money aggregates released by the Central Bank, Country A for the years 2019 - 2021. TABLE 1 2019 (Jan) $ Million 2020 (Jan) $ Million 2021 (Jan) $ Million Items Repurchase agreements |Currency in circulation Demand deposits Fixed deposits with commercial banks, Islamic banks and central 0.0 101,254.1 326,976.9 1,130,449.7 50.8 105,091.5 344,140.6 53.5 123,007.5 412,203.8 1,158,924.1 1,120,366.7 bank Foreign currency deposits with commercial banks, Islamic banks and central bank Deposits placed with other banking institutions Saving deposits with commercial banks Negotiable instruments of deposits 145,887.1 155,502.5 159,817.5 9,698.1 10,556.70 2,558.7 162,067.8 172,797.0 218,820.0 12,375.3 14,366.6 8,824.5
Transcribed Image Text:Table 1 displays data for money aggregates released by the Central Bank, Country A for the years 2019 - 2021. TABLE 1 2019 (Jan) $ Million 2020 (Jan) $ Million 2021 (Jan) $ Million Items Repurchase agreements |Currency in circulation Demand deposits Fixed deposits with commercial banks, Islamic banks and central 0.0 101,254.1 326,976.9 1,130,449.7 50.8 105,091.5 344,140.6 53.5 123,007.5 412,203.8 1,158,924.1 1,120,366.7 bank Foreign currency deposits with commercial banks, Islamic banks and central bank Deposits placed with other banking institutions Saving deposits with commercial banks Negotiable instruments of deposits 145,887.1 155,502.5 159,817.5 9,698.1 10,556.70 2,558.7 162,067.8 172,797.0 218,820.0 12,375.3 14,366.6 8,824.5
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