Table 1 displays data for money aggregates released by the Central Bank, Country A for the years 2019 - 2021. TABLE 1 2020 (Jan) $ Million 2021 (Jan) 2019 (Jan) $ Million Items $ Million Repurchase agreements Currency in circulation Demand deposits Fixed deposits with commercial banks, Islamic banks and central bank 50.8 105,091.5 344,140.6 0.0 53.5 101,254.1 326.976.9 1,130,449.7 123,007.5 412,203.8 1,158,924.1 1,120,366.7 Foreign currency deposits with commercial banks, Islamic banks and central bank Deposits placed with other banking institutions 145,887.1 155,502.5 159,817.5 9,698.1 10,556.70 2,558.7 Saving deposits with commercial banks Negotiable instruments of deposits 162,067.8 172,797.0 218,820.0 12,375.3 14,366.6 8,824.5 a) Based on the data in Table 1, answer the following questions: i) What is the value of quasi money in 2020? ii) Calculate the values of M2 for 2021
Table 1 displays data for money aggregates released by the Central Bank, Country A for the years 2019 - 2021. TABLE 1 2020 (Jan) $ Million 2021 (Jan) 2019 (Jan) $ Million Items $ Million Repurchase agreements Currency in circulation Demand deposits Fixed deposits with commercial banks, Islamic banks and central bank 50.8 105,091.5 344,140.6 0.0 53.5 101,254.1 326.976.9 1,130,449.7 123,007.5 412,203.8 1,158,924.1 1,120,366.7 Foreign currency deposits with commercial banks, Islamic banks and central bank Deposits placed with other banking institutions 145,887.1 155,502.5 159,817.5 9,698.1 10,556.70 2,558.7 Saving deposits with commercial banks Negotiable instruments of deposits 162,067.8 172,797.0 218,820.0 12,375.3 14,366.6 8,824.5 a) Based on the data in Table 1, answer the following questions: i) What is the value of quasi money in 2020? ii) Calculate the values of M2 for 2021
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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Transcribed Image Text:Table 1 displays data for money aggregates released by the Central Bank, Country A
for the years 2019 - 2021.
TABLE 1
2020 (Jan)
$ Million
2021 (Jan)
2019 (Jan)
$ Million
Items
$ Million
Repurchase agreements
Currency in circulation
Demand deposits
Fixed deposits with commercial
banks, Islamic banks and central
bank
50.8
105,091.5
344,140.6
0.0
53.5
101,254.1
326.976.9
1,130,449.7
123,007.5
412,203.8
1,158,924.1
1,120,366.7
Foreign currency deposits with
commercial banks, Islamic banks
and central bank
Deposits placed with other banking
institutions
145,887.1
155,502.5
159,817.5
9,698.1
10,556.70
2,558.7
Saving deposits with commercial
banks
Negotiable instruments of deposits
162,067.8
172,797.0
218,820.0
12,375.3
14,366.6
8,824.5
a) Based on the data in Table 1, answer the following questions:
i) What is the value of quasi money in 2020?
ii) Calculate the values of M2 for 2021
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