Gringotts Wizarding Bank has the following deposits and assets: Checkable deposits held by individuals and businesses, $400 Savings deposits held by individuals and businesses, $1,300 Small-time deposits, $625 Loans to businesses, $1,822 Outstanding credit card balances, $300 Government securities, $200 Currency in the bank's vault, $3 Reserve account at the Fed, $8. Calculate the bank's total deposits, deposits that are part of M1, deposits that are part of M2, bank's loans, securities, and reserves. The bank's total deposits are $ Deposits that are part of M1 are $ Deposits that are part of M2 are $ Bank loans are $
Gringotts Wizarding Bank has the following deposits and assets: Checkable deposits held by individuals and businesses, $400 Savings deposits held by individuals and businesses, $1,300 Small-time deposits, $625 Loans to businesses, $1,822 Outstanding credit card balances, $300 Government securities, $200 Currency in the bank's vault, $3 Reserve account at the Fed, $8. Calculate the bank's total deposits, deposits that are part of M1, deposits that are part of M2, bank's loans, securities, and reserves. The bank's total deposits are $ Deposits that are part of M1 are $ Deposits that are part of M2 are $ Bank loans are $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Gringotts Wizarding Bank has the following deposits and assets:
Checkable deposits held by individuals and businesses, $400
Savings deposits held by individuals and businesses, $1,300
Small-time deposits, $625
Loans to businesses, $1,822
Outstanding credit card balances, $300
Government securities, $200
Currency in the bank's vault, $3
Reserve account at the Fed, $8.
Calculate the bank's total deposits, deposits that are part of M1, deposits that are part of M2, t
bank's loans, securities, and reserves.
The bank's total deposits are $
Deposits that are part of M1 are $
Deposits that are part of M2 are $
Bank loans are $
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