The table below provides data for a hypothetical economy. Currency outside chartered banks Chequable notice deposits at near banks Personal term deposits at near banks Non-chequable notice deposits at chartered banks Personal term deposits at chartered banks Other liquid assets included in M2+ Publicly held demand deposits at chartered banks Currency inside chartered banks Chequable notice deposits at chartered banks Non-chequable notice deposíts at near banks $31 billion $23 billion $24 billion $42 billion $51 billion $26 billion $18 billion $21 billion $34 billion $38 billion Based on this data: a. M1+ is $ 106 billion b. M2 is $ |billion c. M2+ is $ billion
The table below provides data for a hypothetical economy. Currency outside chartered banks Chequable notice deposits at near banks Personal term deposits at near banks Non-chequable notice deposits at chartered banks Personal term deposits at chartered banks Other liquid assets included in M2+ Publicly held demand deposits at chartered banks Currency inside chartered banks Chequable notice deposits at chartered banks Non-chequable notice deposíts at near banks $31 billion $23 billion $24 billion $42 billion $51 billion $26 billion $18 billion $21 billion $34 billion $38 billion Based on this data: a. M1+ is $ 106 billion b. M2 is $ |billion c. M2+ is $ billion
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The table below provides data for a hypothetical economy.
Currency outside chartered banks
Chequable notice deposits at near banks
Personal term deposits at near banks
Non-chequable notice deposits at chartered banks
Personal term deposits at chartered banks
Other liquid assets included in M2+
Publicly held demand deposits at chartered banks
Currency inside chartered banks
Chequable notice deposits at chartered banks
Non-chequable notice deposits at near banks
$31 billion
$23 billion
$24 billion
$42 billion
$51 billion
$26 billion
$18 billion
321 billion
$34 billion
$38 billion
Based on this data:
a. M1+ is $
106 billion
b. M2 is $
billion
c. M2+ is $ billion
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