5mm (:1) Suppose you are given the following data: Currency outside banks $2000 Personal deposits at chartered banks $26000 Non-personal demand and notice deposits at chartered banks $24000 Deposits at other nancial institutions (TMLs, CUCPs, govemment-owned saving institutions, money market mutual funds and life insurance company individual annuities) $12000 Non-personal term and foreign currency deposits $18000 What are M2, M3 and M2+'? Assume adjustments to the various aggregates are zero. (b) Should a $100 bill stuffed in your mattress be counted as M2? Why? [Type here] Question 7 There are three goods produced in an economy by three individuals: Good Producer Apples Orchard owner Bananas Banana grower Chocolate Chocolatier If the orchard owner likes only bananas, the banana grower likes only chocolate, and the chocolatier likes only apples, will any trade among these three persons take place in a barter economy? How will introducing money into the economy benefit these producers