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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

  1. Calculate the amount of coins, if the fiat money is RM7,555. (2 marks)

  1. Find the value of:

  1. M1
  2. M2
  3. M3
  4. Quasi Money
  5. Broad near money

(10 marks)

  1. Briefly explain the FOUR (4) functions of money in an economy.

(8 marks)

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