MI, 2009:1692.8BillionCirculated currency, percentage of M1, 2009:5142M1, 2013:2664.4BillionCirculated currency, percentage of M1, 2013:Incorrect43BillionCirculated currency, percentage of MI, 2019:3977.1M1, 2019: The following table shows the components of M1 and M2 in billions of dollars for the month of December in the years 2009 to2019 reported by the Federal Reserve Bank of St. Louis.Year Currency in circulationCheckable deposits Savings deposits Time deposits Money market funds2009$863.7$829.1$4,812.0S1,187.5$791.12010918.8917.95,331.5934.4686.720111,001.61,162.76,033.6776.9676.320121,090.71.370.46,683.3645.8655.420131,160.71,503.77,128.2570.4652.020141,253.21,687.17,573.0523.4631.320151,339.51,754.48,169.7413.2653.38,814.5353.4691.320161,420.91,919.02,082.39,110.3414.2703.820171,525.09,260.9532.9811.51,624.82,121.72018580.0979.92,266.29,765.220191,710.9

As per the Federal Reserve, Before May 2020, M1 = Currency in circulation + Checkable deposits

MI, 2009: 1692.8 Billion Circulated currency, percentage of M1, 2009: 51 42 Circulated currency, percentage of M1, 2013: MI, 2013: 2664.4 Billion incomect 43 Billion Circulated currency, percentage of MI, 2019: 3977.1 MI, 2019:

MI, 2009: 1692.8 Billion Circulated currency, percentage of M1, 2009: 51 42 Circulated currency, percentage of M1, 2013: MI, 2013: 2664.4 Billion incomect 43 Billion Circulated currency, percentage of MI, 2019: 3977.1 MI, 2019:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

MI, 2009:
1692.8
Billion
Circulated currency, percentage of M1, 2009:
51
42
M1, 2013:
2664.4
Billion
Circulated currency, percentage of M1, 2013:
Incorrect
43
Billion
Circulated currency, percentage of MI, 2019:
3977.1
M1, 2019:

The following table shows the components of M1 and M2 in billions of dollars for the month of December in the years 2009 to
2019 reported by the Federal Reserve Bank of St. Louis.
Year Currency in circulation
Checkable deposits Savings deposits Time deposits Money market funds
2009
$863.7
$829.1
$4,812.0
S1,187.5
$791.1
2010
918.8
917.9
5,331.5
934.4
686.7
2011
1,001.6
1,162.7
6,033.6
776.9
676.3
2012
1,090.7
1.370.4
6,683.3
645.8
655.4
2013
1,160.7
1,503.7
7,128.2
570.4
652.0
2014
1,253.2
1,687.1
7,573.0
523.4
631.3
2015
1,339.5
1,754.4
8,169.7
413.2
653.3
8,814.5
353.4
691.3
2016
1,420.9
1,919.0
2,082.3
9,110.3
414.2
703.8
2017
1,525.0
9,260.9
532.9
811.5
1,624.8
2,121.7
2018
580.0
979.9
2,266.2
9,765.2
2019
1,710.9

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