ID NUMBER: 4031

QUESTION 20 Central Bank of No Name Land announce the different amount of money, shown at the table below. Calculate the MI and M2 money mpplies for each year. and the growth rates of the MI and M2 money supplies from the previous year. Why are the growth rates OM.\" and M2 so different? Explain. (l5 points} Currency in circulation Money Market mutual fund shares Saving acoount deposits Money market deposits Demand deposits accounts Time deposits Traveler's checks Short-term treasury bills 1 2 3 4 5 6 7 8