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Table HW10-2 Type of Money Amount Large time deposits $80 billion Small time deposits $75 billion Demand deposits $75 billion Checkable deposits $40 billion Savings

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Table HW10-2 Type of Money Amount Large time deposits $80 billion Small time deposits $75 billion Demand deposits $75 billion Checkable deposits $40 billion Savings deposits $10 billion Travelers' checks $1 billion Money market mutual funds $15 billion Currency $100 billion Miscellaneous categories of M2 $25 billion 13. Refer to Table HW10-2. What is the MI money supply? a. $215 billion b. $216 billion c. $226 billion d. $301 billion 14. Refer to Table HW10-2. What is the M2 money supply? a. $125 billion b. $341 billion c. $421 billion d. $431 billion 15. Reserve ratio refers to a. the ratio of a bank's deposits to its loan. b. the ratio of a bank's loan to its deposit. c. the ratio of deposits the banks are legally required to hold as cash in the vault or as deposits at the Fed. d. the ratio of deposits the banks voluntarily hold as cash in the vault to take care of daily withdrawal

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