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QUESTION 3 (15 marks) Items RM million M2 894 Bank Negara Certificates 88 Narrow money 357 Fixed and savings deposits in commercial banks 250 Negotiable

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QUESTION 3 (15 marks) Items RM million M2 894 Bank Negara Certificates 88 Narrow money 357 Fixed and savings deposits in commercial banks 250 Negotiable certificates of deposit 100 Broad money 1, 174 Deposits in current accounts 234 a) Compute the value of currency in circulation. b) Compute the value of repurchase agreements. c) Compute the value of deposits saved in other banking institutions. d) Among M1, M2, and M3, which is the least inclusive method of measuring a country's money supply? e) Among all the items above, which are categorized as quasi money

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