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
Chapter15: Money Creation
Section: Chapter Questions
Problem 17SQ
Related questions
Question
i need the answer quickly
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F11a96665-8658-44ea-a366-b854c3eed989%2F0af053b8-7721-4d4f-aa59-b18232f2a098%2Fuw8eils_processed.jpeg&w=3840&q=75)
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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![MACROECONOMICS FOR TODAY](https://www.bartleby.com/isbn_cover_images/9781337613057/9781337613057_smallCoverImage.gif)
![Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613040/9781337613040_smallCoverImage.gif)
![Survey Of Economics](https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif)
![MACROECONOMICS FOR TODAY](https://www.bartleby.com/isbn_cover_images/9781337613057/9781337613057_smallCoverImage.gif)
![Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613040/9781337613040_smallCoverImage.gif)
![Survey Of Economics](https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif)
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax