The Federal Reserve reported the following information about the money supply of the United States in October 2023: Monetary Series Reserves of depository institutions Currency in circulation Total checkable deposits Total savings deposits Small time deposits Retail Money Market Mutual Funds Monetary Base M1 Money Supply M2 Money Supply Value ($billions) $2,243.0 $4,981.8 $990.6 $1,654.2 $5,519.5 $20,725.6 a. Use the information in the table to find the values of Reserves of depository institutions, Total Savings deposits, and the M1 Money Supply.

The Federal Reserve reported the following information about the money supply of the United States in October 2023: Monetary Series Reserves of depository institutions Currency in circulation Total checkable deposits Total savings deposits Small time deposits Retail Money Market Mutual Funds Monetary Base M1 Money Supply M2 Money Supply Value ($billions) $2,243.0 $4,981.8 $990.6 $1,654.2 $5,519.5 $20,725.6 a. Use the information in the table to find the values of Reserves of depository institutions, Total Savings deposits, and the M1 Money Supply.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Consider the market for rubber. suppose a massive forest fire causes 50% of the world’s supply of rubber to be destroyed. First, depict what happens in the market for rubber. Then, depict what happens in the market for tires (where rubber is an input). Last, depict what happens in the market for cars, where tires are an input. What happened to the price of cars? Now, suppose that in order combat this event, the government announces that starting in three months (i.e. in the future), the government will give a $1000 rebate on purchases of new cars (i.e. the price of cars will decrease in the future). What happens in the market for new cars today? What happens in the market for used cars today? Finally, what is the net effect of everything that occurred on new/used cars equilibrium price and quantity (Hint: for one of these market’s variables, the net effect will be ambiguous)?
q14 looking just for A and C
Controlling the money supply allows the Federal Reserve to a. Influence government spending and taxes and therefore consumption and investment b. Influence interest rates and therefore consumption and investment c. Influence interest rates and therefore government spending and taxes d. Influence government spending and taxes and therefore interest rates
If you have the following data The monetary Items Value in M. Currency in circulation, 675 Demand deposits, 1500 Excess reserves, 100 required reserve, 0.1 Find the following: Money supply M1 The currency ratio, c The excess reserve ratio, er The money multiplier m
Currency held in the vault of a Bank like Wells Fargo is: a) counted as part of both M1 and M2 b) not counted as part of the money supply c) counted as part of M1 but not M2 d) counted as part of M2 but not M1
Money/Banking/The Quantity of Money Theory (Chapter 14) 1.1 What are the four functions of money? Explain each in your own words. Can something be considered money if it does not fulfill all four functions? 1.2 Using the five criteria in the textbook, explain how U.S. currency is suitable to use as a medium of exchange. 1.3 Suppose that you decide that you no longer want to hold currency, and deposit all of your currency holdings to your checking account. What is the immediate or initial impact of this transaction on M1 and M2?
Use the following table to determine the levels of M1 and M2 In the United States. Money Categories in the United States Asset Currency Demand deposits Money market funds other checkable deposits Savings deposits Small time deposits Traveler's checks $ Instructions: Enter your answers as a whole number. a. Calculate the M1 money supply. billion b. Calculate the M2 money supply. Amount (billions of dollars) $89 86 47 40 481 billion 6
The Island Nation of Murlonio prints its own currency called the Mariano. Use the data below to calculate the M2 measure of the money supply. Source Amount Cash in circulation $2,464 Vault cash held in bank reserves $503 Checking deposits $34,133 Savings deposits $39,233 Treasury Bills, Notes, and Bonds $48,020 Certificates of Deposit (under $100,000) $36,983 Individual Money Market Accounts $28,471 Corporate Bonds $35,823 Do not round your answer.
Homework: Chapter 13 Suppose the economy's entire money supply equals checkable deposits in the amount of $900,000 held in First Main Street Bank. The required reserve ratio is 10% with no excess reserves and no cash leakage. Reserves Loans First Main Street Bank's balance sheet Assets Reserves Loans $810,000 $90,000 Checkable Deposits $900,000 Suppose the Fed sells $3,000 worth of government securities to First Main Street Bank. Complete the following table to reflect the Fed's sale on the balance sheet for First Main Street Bank. Liabilities Assets STEP: 1 of 3 Checkable Deposits O The bank has zero excess reserves. Liabilities Based on its balance sheet, how can you characterise First Main Street Bank? O The bank has $3,000 in excess reserves. O The bank has $81,000 in excess reserves. The bank is reserve deficient.
When the Bank of Canada decreases the money supply, what can we expect to occur? A) Interest rate and financial asset prices both fall B) Interest rate and financial asset prices both rise C) Interest rate falls but financial asset prices rise D) Interest rate rises but financial asset prices fall
Which of the following would be classified in the M1 category of the money supply? demand deposits certificates of deposit savings deposits money market deposit
The Island Nation of Murlonio prints its own currency called the Mariano. Use the data below to calculate the M1 measure of the money supply. Source Amount Cash in circulation $2,055 Vault cash held in bank reserves $532 Checking deposits $22,067 Savings deposits $22,005 Treasury Bills, Notes, and Bonds $40,249 Certificates of Deposit (under $100,000) $33,438 Individual Money Market Accounts $33,706 Corporate Bonds $31,735 Do not round your answer.