If non-chequable savings accounts are equal to R216 600, M1A equals R560 000, cheques, transmission and other deposits are R681 000, time deposits are equal to R192 000, notes and coins in circulation outside of the banking system amount to 15% of M1A, pension funds amount to R195 500, M2 equals R1 600 000 then money market deposit accounts are equal to Select one: aR266 400 Ob R1 031 400 Oc R426 400 Od. R350 400

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
If non-chequable savings accounts are equal to R216 600, M1A equals R560 000, cheques, transmission and other deposits are R681 000,
time deposits are equal to R192 000, notes and coins in circulation outside of the banking system amount to 15% of M1A, pension funds
amount to R195 500, M2 equals R1 600 000 then money market deposit accounts are equal to
Select one:
OaR266 400
Ob R1 031 400
Oc R426 400
Od R350 400
Transcribed Image Text:If non-chequable savings accounts are equal to R216 600, M1A equals R560 000, cheques, transmission and other deposits are R681 000, time deposits are equal to R192 000, notes and coins in circulation outside of the banking system amount to 15% of M1A, pension funds amount to R195 500, M2 equals R1 600 000 then money market deposit accounts are equal to Select one: OaR266 400 Ob R1 031 400 Oc R426 400 Od R350 400
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Money
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education