Calculate the percentage change of each of these three components of M2 (not included in M1) from the most recent month of data available to the same time one year prior. Which component has the highest growth rate? Repeat the calculations using the data from January 2010 to the most recent month of data available, and compare your results. Use your answers to determine which grew faster: April April January 2014 2013 2010 Small Time 126 917 1510 Deposits Savings/MMDA 1241 1320 2310 Retail MMMF 967 1041 2814 Non-M1 M2 4537 3452 2310
Calculate the percentage change of each of these three components of M2 (not included in M1) from the most recent month of data available to the same time one year prior. Which component has the highest growth rate? Repeat the calculations using the data from January 2010 to the most recent month of data available, and compare your results. Use your answers to determine which grew faster: April April January 2014 2013 2010 Small Time 126 917 1510 Deposits Savings/MMDA 1241 1320 2310 Retail MMMF 967 1041 2814 Non-M1 M2 4537 3452 2310
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Calculate the percentage change of
each of these three components of M2
(not included in M1) from the most
recent month of data available to the
same time one year prior. Which
component has the highest growth rate?
Repeat the calculations using the data
from January 2010 to the most recent
month of data available, and compare
your results. Use your answers to
determine which grew faster:
April April January
2014 2013 2010
Small Time
126
917
1510
Deposits
Savings/MMDA 1241 132o 2310
Retail MMMF
967
1041 2814
Non-M1 M2
4537 3452 2310](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F71644b52-52e8-4b81-85df-2f37f70e73e8%2F3a407764-0d14-404b-bffc-2e2dcdee25ec%2Fmjtrujh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Calculate the percentage change of
each of these three components of M2
(not included in M1) from the most
recent month of data available to the
same time one year prior. Which
component has the highest growth rate?
Repeat the calculations using the data
from January 2010 to the most recent
month of data available, and compare
your results. Use your answers to
determine which grew faster:
April April January
2014 2013 2010
Small Time
126
917
1510
Deposits
Savings/MMDA 1241 132o 2310
Retail MMMF
967
1041 2814
Non-M1 M2
4537 3452 2310
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