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The following table shows the money supply for country Z in the year 2020 Items RM (Million) Paper money 5,000 Bank Negara Certificates 12,000 Negotiable
The following table shows the money supply for country Z in the year 2020
Items | RM (Million) |
Paper money | 5,000 |
Bank Negara Certificates | 12,000 |
Negotiable certificates | 7,500 |
Fixed and saving deposits in other financial institution | 6,000 |
Fixed and saving deposits in other commercial banks | 10,000 |
Current deposits in commercial banks | 85,000 |
- Calculate the amount of coins, if the fiat money is RM7,555. (2 marks)
- Find the value of:
- M1
- M2
- M3
- Quasi Money
- Broad near money
(10 marks)
- Briefly explain the FOUR (4) functions of money in an economy.
(8 marks)
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