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PART A Question 1 (10 marks) Based on the following table Materials RM Million Paper money 7, 820 Coins 2, 540 Current deposits in commercial
PART A Question 1 (10 marks) Based on the following table Materials RM Million Paper money 7, 820 Coins 2, 540 Current deposits in commercial banks 6, 585 Fixed and saving deposits in commercial banks 12, 300 Fixed and saving deposits in other financial institutions 6, 720 Negotiable certificates 7, 430 Calculate the amount of a) Fiat money (2 marks) b) Money supply, M1 (2 marks) c) Money supply, M2 (2 marks) d) Money supply, M3 (2 marks) e) Broad near money (2 marks)
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