Question
Money Categories in the United States Asset Amount (billions of dollars) Currency $89 Demand deposits 86 Money market funds 47 Other checkable deposits 40 Savings
Money Categories in the United States
Asset | Amount (billions of dollars) |
| Currency | $89 |
| Demand deposits | 86 |
| Money market funds | 47 |
| Other checkable deposits | 40 |
| Savings deposits | 481 |
| Small time deposits | 25 |
| Traveler's checks | 6 |
Instructions: Enter your answers as a whole number.
a. Calculate the M1 money supply.
$ billion
b. Calculate the M2 money supply.
$ billion
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Theory And Practice Of Public Sector Reform
Authors: Steven Van De Walle, Sandra Groeneveld
1st Edition
1317500113, 9781317500117
