The table below shows hypothetical values, in billions of rands, of different forms of money. A. B. C. D. E. F. G. H. Currency Money market mutual fund shares Saving account deposits Money market deposit accounts Demand and checkable deposits Small-denomination time deposits Traveler's checks 3-month Treasury bills 2017 950 677 5,600 1,200 1,010 830 4 1,996 2018 960 678 5,880 1,231 982 861 4 2,384 2019 962 676 6,068 1,260 990 1,123 3 2,446 2020 967 685 6,205 1,315 1,003 1,566 2 2,512 Use the table to calculate the M1 and M2 money supplies for each year, as well as the growth rates of the M1 and M2 money supplies from the previous year.

The table below shows hypothetical values, in billions of rands, of different forms of money. A. B. C. D. E. F. G. H. Currency Money market mutual fund shares Saving account deposits Money market deposit accounts Demand and checkable deposits Small-denomination time deposits Traveler's checks 3-month Treasury bills 2017 950 677 5,600 1,200 1,010 830 4 1,996 2018 960 678 5,880 1,231 982 861 4 2,384 2019 962 676 6,068 1,260 990 1,123 3 2,446 2020 967 685 6,205 1,315 1,003 1,566 2 2,512 Use the table to calculate the M1 and M2 money supplies for each year, as well as the growth rates of the M1 and M2 money supplies from the previous year.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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