Question
QUESTION 3 (10 MARKS) Below is the data for money aggregates released by the Ministry of Finance of Country XYZ for 2019 and 2020. ITEM
QUESTION 3 (10 MARKS)
Below is the data for money aggregates released by the Ministry of Finance of Country XYZ for 2019 and 2020.
ITEM | RM (MILLION) | RM (MILLION) |
2019 | 2020 | |
Repurchase Agreements | 25,125 | 32,570 |
Currency in Circulation | 110,701 | 100,754 |
Fixed Deposits with commercial banks | 452,700 | 400,743 |
Demand deposits | 55,900 | 75,450 |
Fixed deposits with other financial institutions | 18,760 | 20,530 |
Saving and deposits in commercial banks | 160,000 | 168,000 |
Negotiable certificates of deposits | 170,000 | 170,500 |
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Calculate M1 for both years.
(2 marks)
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Calculate M2 for both years.
(2 marks)
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Calculate M3 for both years.
(2 marks)
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Calculate Quasi Money for both years.
(2 marks)
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Calculate percentage change in M1 between 2017 and 2018.
(2 marks)
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