The Federal Reserve System is responsible for tracking the amounts of M1 and M2 and prepares a weekly release of information about the money supply. The table below shows the U.S. money stock components of M1 and M2. Use the table to calculate total M1. Round to the third decimal place. Provide your answer below: trillion Components of M1 and M2 in the U.S. Currency Individual market mutual fund balances Demand deposits and other checking accounts Savings accounts Traveler's checks Time deposits $ trillions $2.000 $0.732 $3.200 $8.493 $0.003 $0.460
The Federal Reserve System is responsible for tracking the amounts of M1 and M2 and prepares a weekly release of information about the money supply. The table below shows the U.S. money stock components of M1 and M2. Use the table to calculate total M1. Round to the third decimal place. Provide your answer below: trillion Components of M1 and M2 in the U.S. Currency Individual market mutual fund balances Demand deposits and other checking accounts Savings accounts Traveler's checks Time deposits $ trillions $2.000 $0.732 $3.200 $8.493 $0.003 $0.460
Chapter18: Money And The Federal Reserve System
Section: Chapter Questions
Problem 17SQ
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Transcribed Image Text:The Federal Reserve System is responsible for tracking the amounts of M1 and M2 and prepares a weekly release of
information about the money supply. The table below shows the U.S. money stock components of M1 and M2. Use the table
to calculate total M1. Round to the third decimal place.
Provide your answer below:
trillion
Components of M1 and M2 in the U.S.
Currency
Individual market mutual fund balances
Demand deposits and other checking accounts
Savings accounts
Traveler's checks
Time deposits
$ trillions
$2.000
$0.732
$3.200
$8.493
$0.003
$0.460
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