Ch 11 (20%) Go to the St. Louis Federal Reserve FRED database, and find data on the level of money market mutual fund assets (MMMFFAQ027S). Download the data into a spreadsheet.

a. When did assets start entering money market mutual funds? What was the total worth of assets in money market mutual funds at the end of 1970?

b. For each decade period, calculate the total percentage change in assets from the beginning of the decade to the end of the decade: 1980:Q11990:Q1; 1990:Q12000:Q1; 2000:Q12010:Q1. For each decade period, divide the total percentage change by 10 to get the average yearly percentage increase. Which decade had the largest average yearly growth in money market mutual funds?

c. Calculate the growth rate from the most recent quarter of data available to the same quarter a year prior. How does this growth rate compare to the highest average yearly growth rate for the decades from part (b)?

Frequency: Annually
observation_date	MMMFFAQ027S
1970-01-01	0
1971-01-01	0
1972-01-01	0
1973-01-01	0
1974-01-01	1150
1975-01-01	3659
1976-01-01	3492
1977-01-01	3563
1978-01-01	7949
1979-01-01	30836
1980-01-01	73859
1981-01-01	148717
1982-01-01	215897
1983-01-01	184322
1984-01-01	208498
1985-01-01	243829
1986-01-01	283207
1987-01-01	307061
1988-01-01	334628
1989-01-01	399427
1990-01-01	477289
1991-01-01	542379
1992-01-01	559408
1993-01-01	556944
1994-01-01	589030
1995-01-01	698110
1996-01-01	848955
1997-01-01	1000786
1998-01-01	1232374
1999-01-01	1487272
2000-01-01	1731756
2001-01-01	2133716
2002-01-01	2215466
2003-01-01	2121712
2004-01-01	1932088
2005-01-01	1911912
2006-01-01	2165643
2007-01-01	2712148
2008-01-01	3518092
2009-01-01	3552083
2010-01-01	2907046
2011-01-01	2930883
2012-01-01	2875592
2013-01-01	2968925
2014-01-01	2989567
2015-01-01	3013474
2016-01-01	2983257
2017-01-01	2992438
2018-01-01	3148312
2019-01-01	3730089
2020-01-01	4856882
2021-01-01	5055019