Table to use :

Based on the table answer the following questions :

A) Calculate the value of the currency in circulation in both periods. Show steps.

B) Calculate the value and percentage change in the currency in circulation.

C) According to the Central Bank of Kuwait, which aggregate measure is better in assessing money supply?

D) According to this table, what was the main driver of the negative change in money supply in 2019/2020?
 

End of Period Table (2) Money Supply Developments (M2) (KD million) 2018/19 2019/20 38,947,3 38,022.6 10,492.3 11,476.5 8,688.9 9,351.0 28,455.0 26,546.1 25,698.3 24,160.8 2,756.7 2,385.2 Money Supply (M2) Money (MI) of which Sight Deposits Quasi Money KD Deposits (other than sight deposits) FC Deposits Source: Central Bank of Kuwait Value -924.7 984.2 662,1 -1,908,9 -1,537.5 -371.5 Change (%) -2.4 9.4 7.6 -6.7 -6.0 -13.5