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Question 12 Table 2 below shows the money supply of Malaysia (in RM Million). Table 2 Item RM million 7315.00 5100.00 3257.50 2140.00 Current deposits

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Question 12 Table 2 below shows the money supply of Malaysia (in RM Million). Table 2 Item RM million 7315.00 5100.00 3257.50 2140.00 Current deposits at commercial banks Fixed deposits and saving deposits at other financial Institution Paper money Savings at Bank Islam Malaysia Berhad Negotiable certificates Bank Negara Malaysia Certificates Fixed deposits and saving deposits at commercial banks and Bank Negara Malaysia 1755.50 1900.00 8150.50 Based on Table 1, answer the following questions: a. define the meaning of M1, M2, and M3. (4.5 marks) b. assuming that amount of fiat money is RM 4550.00, calculate the amount of coins. (1.5 marks) C. calculate the amount of money supply for i. M1 ii. M2 iii. Near Money iv. M3 (2 marks) (2.5 marks) (2 marks) (2.5 marks)

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