Question
The table below presents data for different components of the U.S. money supply in January2008. Use the information in the table to answer the questions
The table below presents data for different components of the U.S. money supply in January2008. Use the information in the table to answer the questions that follow (all values are in billions of dollars):
| Components | Amount |
| Currency | $758 |
| Checkable deposits | $615 |
| Money market account | $950 |
| Savings | $3,868 |
| Small-denomination time deposits | $1,282 |
| Traveler's checks | $6 |
| 3-Month U.S. Treasury bills | $2,431 |
In January2008, the total value of M1 was $_____ billion.
In January2008, the total value of M2 was $______ billion.
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
9781259066481
