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Total currency issued by the Bank of Canada $16 Total personal savings deposits 185 Total demand deposits 18 Deposits of government at the Bank of
Total currency issued by the Bank of Canada | $16 |
Total personal savings deposits | 185 |
Total demand deposits | 18 |
Deposits of government at the Bank of Canada | 5 |
Currency held by commercial banks | 5 |
Government bonds owned by the public | 95 |
Nonpersonal term deposits (certificates of deposit) | 40 |
c. How much larger is M2 than M1? M2 is larger than M1 by......
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