3
answers
0
watching
231
views
31 Oct 2018
20) The largest component of Ml is A) non-personal chequable deposits. B) non-personal non-chequable deposits. currency outside banks. D) personal chequable deposits. E) fixed term deposits.
20) The largest component of Ml is A) non-personal chequable deposits. B) non-personal non-chequable deposits. currency outside banks. D) personal chequable deposits. E) fixed term deposits.
larryrambo777Lv10
23 Mar 2023
Already have an account? Log in
Hubert KochLv2
1 Nov 2018
Already have an account? Log in
Related textbook solutions
Related questions
INTRO - MACROECONOMICS - Money & Banking - & The Money Market and Monetary Policy
Answer the questions below from the data in the table (all figures are in billions of dollars).
| Total currency issued by the Bank of Canada | $17 |
| Total personal savings deposits | 186 |
| Total demand deposits | 19 |
| Deposits of government at the Bank of Canada | 3 |
| Currency held by commercial banks | 3 |
| Government bonds owned by the public | 96 |
| Nonpersonal term deposits (certificates of deposit) | 41 |
a. Total currency in circulation is $ _____ billion.
b. How much larger is M1 than the total currency in circulation?
M1 is larger than the total currency by $ _____ billion.
c. How much larger is M2 than M1?
M2 is larger than M1 by $ _____ billion.
Please provide an explanation as you solve this question.
d. How much larger is M3 than M2?
M3 is larger than M2 by $ _____billion.
