The table shows the amounts held as the various components of M1 and M2. Item Non-chequable deposits, personal Chequable deposits, personal and non-personal Non-chequable deposits, non-personal Currency outside banks Calculate the values of M1 and M2. The value of M1 is $ The value of M2 is $ billion. billion. $billions 580 200 320 150
The table shows the amounts held as the various components of M1 and M2. Item Non-chequable deposits, personal Chequable deposits, personal and non-personal Non-chequable deposits, non-personal Currency outside banks Calculate the values of M1 and M2. The value of M1 is $ The value of M2 is $ billion. billion. $billions 580 200 320 150
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Money And The Banking System
Section: Chapter Questions
Problem 2CQ
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