Real-Time Data Analysis Exercise* Two Measures of Money: November 2020 andNovember 2021 *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Amount (billions of dollars) November 2020 November 2021 The table shows the quantities of M1, M2, and their components in November 2020 and November 2021. M2 18,958.7 21,436.7 Retail money market funds 1,088.8 997.9 93.8 Small time deposits 280.9 M1 17,589.1 2,788.0 20,345.0 4,764.1 In the year to November 2021, M1 grew by percent and M2 grew by O percent. Answer to the nearest 1 decimal place. Demand deposits Other liquid deposits Currency >>> 12,844.2 1,956.8 13,466.3 2,114.6
Real-Time Data Analysis Exercise* Two Measures of Money: November 2020 andNovember 2021 *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Amount (billions of dollars) November 2020 November 2021 The table shows the quantities of M1, M2, and their components in November 2020 and November 2021. M2 18,958.7 21,436.7 Retail money market funds 1,088.8 997.9 93.8 Small time deposits 280.9 M1 17,589.1 2,788.0 20,345.0 4,764.1 In the year to November 2021, M1 grew by percent and M2 grew by O percent. Answer to the nearest 1 decimal place. Demand deposits Other liquid deposits Currency >>> 12,844.2 1,956.8 13,466.3 2,114.6
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Real-Time Data Analysis Exercise*
Two Measures of Money:
November 2020 andNovember 2021
*Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank
of Saint Louis.
Amount (billions of dollars)
November 2020 November 2021
The table shows the quantities of M1, M2, and their components in November 2020
and November 2021.
M2
18,958.7
21,436.7
Retail money
market funds
1,088.8
280.9
997.9
Small time deposits
93.8
17,589.1
2,788.0
M1
20,345.0
In the year to November 2021, M1 grew by percent and M2 grew by
percent.
Demand deposits
Other liquid
deposits
Currency
4,764.1
>>>
Answer to the nearest 1 decimal place.
12,844.2
1,956.8
13,466.3
2,114.6](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F792bf6c2-46e9-4d64-9707-7ffb8b11a891%2F4b64a9f8-7033-45fd-afe2-0c19a05ef982%2Fqld2s5q_processed.png&w=3840&q=75)
Transcribed Image Text:Real-Time Data Analysis Exercise*
Two Measures of Money:
November 2020 andNovember 2021
*Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank
of Saint Louis.
Amount (billions of dollars)
November 2020 November 2021
The table shows the quantities of M1, M2, and their components in November 2020
and November 2021.
M2
18,958.7
21,436.7
Retail money
market funds
1,088.8
280.9
997.9
Small time deposits
93.8
17,589.1
2,788.0
M1
20,345.0
In the year to November 2021, M1 grew by percent and M2 grew by
percent.
Demand deposits
Other liquid
deposits
Currency
4,764.1
>>>
Answer to the nearest 1 decimal place.
12,844.2
1,956.8
13,466.3
2,114.6
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