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What are the components of the M1 money supply? What is the largest component? What near monies are included in the M2 money supply? Explain,
- What are the components of the M1 money supply?
- What is the largest component?
- What near monies are included in the M2 money supply?
- Explain, why a single commercial bank can safely lend only an amount equal to its excess reserves, but the commercial banking system can lend by a multiple of its excess reserves. What is the monetary multiplier and how does it relate to the reserve ratio?
- List and explain the goals and tools of the Monetary Policy: Open Market Operations, The Reserve Ratio, and the Discount Rate.
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Accounting
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Volume 1, 2nd canadian Edition
176509739, 978-0176509736, 978-0176509743
