The table gives information about items on a bank's balance sheet. Item (millions of dollars) Calculate the bank's deposits that are part of M1, deposits that are part of M2, and the bank's loans, securities, and Checkable deposits 400 Savings deposits Small time deposits. reserves. 500 720 The bank's deposits that are part of M1 equal $ million. Loans to businesses 950 Government securities 600 The bank's deposits that are part of M2 equal $ million. 30 Currency Reserves at the Fed 40 Check Answer Enter your answer in the edit fields and then click Check Answer. Clear All 2 remaining MacBook Air DD DII F10 888 80 F6 F4 F3 F2 esc F1 & @ # $ 7 8 ! 6 3 4 1

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter14: Banking And The Money Supply
Section: Chapter Questions
Problem 2.3P
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The table gives information about items on a bank's balance sheet.
Calculate the bank's deposits that are part of M1, deposits that are part of M2, and the bank's loans, securities, and
Item
reserves.
(millions of dollars)
Checkable deposits
Savings deposits
Small time deposits
400
The bank's deposits that are part of M1 equal $
million.
500
720
The bank's deposits that are part of M2 equal $ million.
Loans to businesses
950
Government securities
600
Currency
30
Reserves at the Fed
40
Enter your answer in the edit fields and then click Check Answer.
2 parts
remaining
Clear All
Check Answer
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Transcribed Image Text:The table gives information about items on a bank's balance sheet. Calculate the bank's deposits that are part of M1, deposits that are part of M2, and the bank's loans, securities, and Item reserves. (millions of dollars) Checkable deposits Savings deposits Small time deposits 400 The bank's deposits that are part of M1 equal $ million. 500 720 The bank's deposits that are part of M2 equal $ million. Loans to businesses 950 Government securities 600 Currency 30 Reserves at the Fed 40 Enter your answer in the edit fields and then click Check Answer. 2 parts remaining Clear All Check Answer MacBook Air DII DD 80 888 F10 F11 F12 esc F4 F5 F6 F7 F8 F9 F1 F2 F3 ! @ 23 $ % & 1 2 4 6 7 { Y U P Q W E tab S D F G H K А caps lock > + I/ * 00
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