The table below provides data for a hypothetical economy. Total value of corporate shares Currency outside chartered banks Chequable notice deposits at chartered banks Publicly held demand deposits at chartered banks Federal government bonds Other liquid assets included in M2+ Nonpersonal term and foreign-currency deposits at chartered banks Personal term deposits at chartered banks Non-chequable notice deposits at chartered banks Chequable notice deposits at near banks Personal term deposits at near banks Non-chequable notice deposits at near banks Based on a. M1+ is $ b. M2 is $ c. M3 is $ d. M2+ is $ data: 278 billion billion. billion, billion. $500 billion $42 billion $102 billion $45 billion $637 billion $32 billion $268 billion $134 billion. $94 billion $89 billion $114 billion $74 billion

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter28: Monetary Policy And Bank Regulation
Section: Chapter Questions
Problem 39P: Suppose the Fed conducts an open market sale by selling $10 million in Treasury bonds to Acme Bank....
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The table below provides data for a hypothetical economy.
Total value of corporate shares
Currency outside chartered banks.
Chequable notice deposits at chartered banks
Publicly held demand deposits at chartered banks.
Federal government bonds
Other liquid assets included in M2+
Nonpersonal term and foreign-currency deposits at chartered banks
Personal term deposits at chartered banks
Non-chequable notice deposits at chartered banks
Chequable notice deposits at near banks
Personal term deposits at near banks
Non-chequable notice deposits at near banks
Based on this data:
a. M1+ is $
b. M2 is $
c. M3 is $
d. M2+ is $
278
billion
billion.
billion,
billion.
$500 billion
$42 billion
$102 billion.
$45 billion.
$637 billion
$32 billion
$268 billion
$134 billion
$94 billion
$89 billion
$114 billion
$74 billion
Transcribed Image Text:) The table below provides data for a hypothetical economy. Total value of corporate shares Currency outside chartered banks. Chequable notice deposits at chartered banks Publicly held demand deposits at chartered banks. Federal government bonds Other liquid assets included in M2+ Nonpersonal term and foreign-currency deposits at chartered banks Personal term deposits at chartered banks Non-chequable notice deposits at chartered banks Chequable notice deposits at near banks Personal term deposits at near banks Non-chequable notice deposits at near banks Based on this data: a. M1+ is $ b. M2 is $ c. M3 is $ d. M2+ is $ 278 billion billion. billion, billion. $500 billion $42 billion $102 billion. $45 billion. $637 billion $32 billion $268 billion $134 billion $94 billion $89 billion $114 billion $74 billion
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