The information in the table pertains to an imaginary economy. Type of Money Amount Large time deposits $80 billion Small time deposits $75 billion Demand deposits $75 billion Other checkable deposits $40 billion Savings deposits $10 billion Traveler's checks $1 billion Money market mutual funds $15 billion Currency $110 billion Credit card balances $10 billion Miscellaneous categories of M2 $25 billion What is the M2 money supply? a. $125 billion b. $296 billion c. $351 billion d. $431 billion
The information in the table pertains to an imaginary economy. Type of Money Amount Large time deposits $80 billion Small time deposits $75 billion Demand deposits $75 billion Other checkable deposits $40 billion Savings deposits $10 billion Traveler's checks $1 billion Money market mutual funds $15 billion Currency $110 billion Credit card balances $10 billion Miscellaneous categories of M2 $25 billion What is the M2 money supply? a. $125 billion b. $296 billion c. $351 billion d. $431 billion
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The information in the table pertains to an imaginary economy.
Type of Money |
Amount |
Large time deposits |
$80 billion |
Small time deposits |
$75 billion |
Demand deposits |
$75 billion |
Other checkable deposits |
$40 billion |
Savings deposits |
$10 billion |
Traveler's checks |
$1 billion |
|
$15 billion |
Currency |
$110 billion |
Credit card balances |
$10 billion |
Miscellaneous categories of M2 |
$25 billion |
What is the M2 money supply?
a. |
$125 billion |
b. |
$296 billion |
c. |
$351 billion |
d. |
$431 billion |
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