The table below provides data for a hypothetical economy. Currency outside chartered banks$27 billionChequable notice deposits at near banks$19 billionPersonal term deposits at near banks$20 billionNon-chequable notice deposits at chartered banks$38 billionPersonal term deposits at chartered banks$47 billionOther liquid assets included in M2+$22 billionPublicly held demand deposits at chartered banks$14 billionCurrency inside chartered banks$17 billionChequable notice deposits at chartered banks$30 billionNon-chequable notice deposits at near banks$34 billionCryptocurrency assets held by country residents$32 billion Based on this data: a. M1+ is $ billion b. M2 is $ billion c. M2+ is $ billion
The table below provides data for a hypothetical economy. Currency outside chartered banks$27 billionChequable notice deposits at near banks$19 billionPersonal term deposits at near banks$20 billionNon-chequable notice deposits at chartered banks$38 billionPersonal term deposits at chartered banks$47 billionOther liquid assets included in M2+$22 billionPublicly held demand deposits at chartered banks$14 billionCurrency inside chartered banks$17 billionChequable notice deposits at chartered banks$30 billionNon-chequable notice deposits at near banks$34 billionCryptocurrency assets held by country residents$32 billion Based on this data: a. M1+ is $ billion b. M2 is $ billion c. M2+ is $ billion
Chapter14: Banking And The Money Supply
Section: Chapter Questions
Problem 1.2P
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The table below provides data for a hypothetical economy.
Currency outside chartered banks$27 billionChequable notice deposits at near banks$19 billionPersonal term deposits at near banks$20 billionNon-chequable notice deposits at chartered banks$38 billionPersonal term deposits at chartered banks$47 billionOther liquid assets included in M2+$22 billionPublicly held demand deposits at chartered banks$14 billionCurrency inside chartered banks$17 billionChequable notice deposits at chartered banks$30 billionNon-chequable notice deposits at near banks$34 billionCryptocurrency assets held by country residents$32 billion
Based on this data:
a. M1+ is $ billion
b. M2 is $ billion
c. M2+ is $ billion
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