Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me with these macro questions What are the official measures of money? Are all the measures really money? Item $billions Savings deposits 300

Please help me with these macro questions

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
What are the official measures of money? Are all the measures really money? Item $billions Savings deposits 300 The two main official measures of money in the United States today are Checking deposits 125 The two main official measures of money in the United States really money. Time deposits 200 Money market mutual funds and other deposits 300 O A. M1 and M2; are Currency and traveler's checks 130 O B. currency and M2; are O C. M1 and M2; are not O D. M2 and M3; are not The table shows the amounts held as the various components of M1 and M2. The value of M1 is $ billion. The value of M2 is $ billion.Sara withdraws $1,000 from her savings account at the Lucky S&L, keeps $50 in cash, and deposits the balance in her checking account at the Bank of Illinois. What is the immediate change in M1 and M2? The immediate change is in M1 of $1,000 and in M2. O A. a decrease; no change O B. a decrease; a decrease O C. an increase; no change O D. an increase; an increaseIn October 2017, M1 was $3,595 billion; M2 was $13,747 billion; checkable deposits owned by individuals and businesses were $2,080 billion; time deposits were $399 billion; and money market funds and other deposits were $701 billion. Calculate currency and traveler's checks held by individuals and businesses in October 2017, and calculate savings deposits. Currency and traveler's checks held by individuals and businesses were $ billion. Savings deposits were $ billion.In June 2009, currency held by individuals and businesses was $ 853 billion; traveler's checks were $5 billion; checkable deposits owned by individuals and businesses were $792 billion; savings deposits were $4,472 billion; time deposits were $1,281 billion; and money market funds and other deposits were $ 968 billion. Calculate M1 and M2 in June 2009. M1 in June 2009 is $ billion. M2 in June 2009 is $ billion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essays In Economic Sociology

Authors: Max Weber, Richard Swedberg

1st Edition

0691218161, 9780691218168

More Books

Students also viewed these Economics questions

Question

Review major psychological issues of childhood.

Answered: 1 week ago

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago