The table below gives data for a hypothetical economy. Billions Small time deposits Credit card balances Savings deposits, including money-market deposit accounts Money-market mutual funds held by individuals Checkable (demand) deposits Currency in circulation $1250 1300 1620 905 836 325 What is the value of M1 (in $billions)? What is the value of M2 (in $billions) ?

The table below gives data for a hypothetical economy. Billions Small time deposits Credit card balances Savings deposits, including money-market deposit accounts Money-market mutual funds held by individuals Checkable (demand) deposits Currency in circulation $1250 1300 1620 905 836 325 What is the value of M1 (in $billions)? What is the value of M2 (in $billions) ?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter14: Money And Banking

Section14.3: Types Of Money In The United States

Problem 4R

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Question

100%

The table below gives data for a hypothetical economy.

Billions

Small time deposits

Credit card balances

Savings deposits, including money-market deposit accounts

Money-market mutual funds held by individuals

Checkable (demand) deposits

Currency in circulation

$1250

1300

1620

905

836

325

What is the value of M1 (in $billions)?

What is the value of M2 (in $billions) ?

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