In May 2020, currency was $1,824 billion; demand deposits were $2,126 billion; other liquid deposits were $12,234

Question:

In May 2020, currency was $1,824 billion; demand deposits were $2,126 billion; other liquid deposits were $12,234 billion; small denomination time deposits were $466 billion; and retail money market funds were $1,142 billion.

Calculate M1 and M2 in May 2020.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

Question Posted: