Question 11 Table 29-2 The information in the following table pertains to the hypothetical economy of Florencial. Type of Money Large time deposits Small time deposits Demand deposits Other checkable deposits Savings deposits Traveler's checks Money market mutual funds Currency Credit card balances Miscellaneous categories of M2 Amount (Billions of dollars) c. $570 billion O d. $705 billion 120 80 300 50 65 5 200 150 300 30 Refer to Table 29-2. What is the M1 money supply in Florencial? O a. $585 billion b. $505 billion
Question 11 Table 29-2 The information in the following table pertains to the hypothetical economy of Florencial. Type of Money Large time deposits Small time deposits Demand deposits Other checkable deposits Savings deposits Traveler's checks Money market mutual funds Currency Credit card balances Miscellaneous categories of M2 Amount (Billions of dollars) c. $570 billion O d. $705 billion 120 80 300 50 65 5 200 150 300 30 Refer to Table 29-2. What is the M1 money supply in Florencial? O a. $585 billion b. $505 billion
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
Section: Chapter Questions
Problem 3PA
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