Total Money supply = $3,302 billion and currency in circulation = $1,600 billion What percent of the money supply depicted in the figure is transactions account balances plus traveler's checks? Instructions: Round your response to one decimal place.

Total Money supply = $3,302 billion and currency in circulation = $1,600 billion What percent of the money supply depicted in the figure is transactions account balances plus traveler's checks? Instructions: Round your response to one decimal place.

Survey of Economics (MindTap Course List)

9th Edition

ISBN:9781305260948

Author:Irvin B. Tucker

Publisher:Irvin B. Tucker

Chapter18: Money And The Federal Reserve System

Section: Chapter Questions

Problem 2SQP

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Total Money supply = $3,302 billion and currency in circulation = $1,600 billion

What percent of the money supply depicted in the figure is transactions account balances plus traveler's checks?

Instructions: Round your response to one decimal place.

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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.
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