The table to the right shows hypothetical values, in billions of dollars. Use the table to calculate the M1 and M2 money supply for each year. (Enter your responses rounded to the nearest dollar.) 2010 Total M1 Total M2 2009 2011 2012 A. Currency B. Money market mutual fund shares C. Saving account deposits D. Money market deposit accounts E. Demand and checkable deposits F. Small-denomination time deposits G. Traveler's checks H. 3-month Treasury bills 2009 2010 920 678 5,300 1,210 2011 2012 930 932 937 683 681 690 5,580 5,768 5,905 840 3 1,990 1,241 1,270 1,325 1,010 982 1,133 1,576 871 3 2 1 2,378 2,440 2,506 990 1,003

The table to the right shows hypothetical values, in billions of dollars. Use the table to calculate the M1 and M2 money supply for each year. (Enter your responses rounded to the nearest dollar.) 2010 Total M1 Total M2 2009 2011 2012 A. Currency B. Money market mutual fund shares C. Saving account deposits D. Money market deposit accounts E. Demand and checkable deposits F. Small-denomination time deposits G. Traveler's checks H. 3-month Treasury bills 2009 2010 920 678 5,300 1,210 2011 2012 930 932 937 683 681 690 5,580 5,768 5,905 840 3 1,990 1,241 1,270 1,325 1,010 982 1,133 1,576 871 3 2 1 2,378 2,440 2,506 990 1,003

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter14: Banking And The Money Supply

Section: Chapter Questions

Problem 1.2P

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