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) ?

Q: Billions of Item Dollars Checkable Deposits Seall Time Deposits Currency Honey-Market Mutual Funds…

A: Here we calculate the Size of Money Supply M2 by using the given information , so the calculation of…

Q: Answer the questions below from the data in table (all figures are in billions of dollars). Total…

A: “Since you have posted multiple questions with multiple sub parts, we will provide the solution only…

Q: Billions of Item Dollars Checkable Deposits Small Time Deposits Currency Money-Market Mutual Funds…

A: M1, M2, M3,M4 are measures of money supply where M2 includes currency with public, checkable…

Q: For a required reserve ration of 10% and reserves equal to $50, how much money could could be…

A: Answer: The commercial banks keep a part of the reserves in the form of required reserves and loan…

Q: The Federal Reserve reported the following information about the money supply of the United States…

A: Monetary base will be computed as a sum of currency in circulation and reserves of depository…

Q: Does the fact that your bank keeps only a fraction of your account balance in reserve worry you? Why…

A: Step 1The bank is a financial institution that focuses on accepting the deposit and making progress…

Q: Small time deposits ​   ​ 1014 ​ Money-market mutual funds held by businesses ​   ​ 1190 ​…

A: please find the answer below.

Q: Currency Checking Account Balances Savings Account Balances Small-Denomination Time Deposits…

A: Money is the common medium used for exchanging goods and services in the market.

Q: Answer the questions below from the data in table (all figures are in billions of dollars). Total…

A: M1 and M2 money supply are two different ways to define money. Cash, demand deposits that can be…

Q: Suppose a nation's banking system has the following account Saving Account $1,200 Checking Account…

A: M1 is a measure of money supply in an economy. It includes the most liquid forms of money, such as…