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Round the decimal values to TWO places only. Show appropriate calculations and logical description. 1 Suppose following info was given by the Bank of Canada

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Round the decimal values to TWO places only. Show appropriate calculations and logical description. 1 Suppose following info was given by the Bank of Canada regarding components of Canadian Money in a specic year. Calculate M1+, M2, M2+ and M2++. 4 marks Nonmoney market mutual funds : $4954 Deposits at nonbank deposit taking institutions = $3968 Personal saving deposits at charted banks = $388 Money market mutual mds = 459D Demand deposits at charted banks held by individuals = $543 Canada saving bonds = $5421 Currency in circulation = $9631 Demand deposits of businesses at charted banks = $829 Nonpersonal notice deposits at charted banks = $911 M1+ = M2 = M2+ = h'744

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