Answer questions 1-4 about Nigeria's macroeconomy (Nigeria's currency): Currency in Circulation (October 2020) 40.5 billion nigerian currency Reserves (October 2020) 34.2 billion nigerian currency M1 (October 2020) 2,465.9 billion nigerian currency M2 (October 2020) 2,638.8 billion nigerian currency Calculate the size of the monetary base in October 2020. one decimal place. Calculate the size of demand (checking) deposits in October 2020. Round your answer to one decimal place. Calculate the size of savings deposits in October 2020. Round your answer to one decimal place.
Answer questions 1-4 about Nigeria's macroeconomy (Nigeria's currency): Currency in Circulation (October 2020) 40.5 billion nigerian currency Reserves (October 2020) 34.2 billion nigerian currency M1 (October 2020) 2,465.9 billion nigerian currency M2 (October 2020) 2,638.8 billion nigerian currency Calculate the size of the monetary base in October 2020. one decimal place. Calculate the size of demand (checking) deposits in October 2020. Round your answer to one decimal place. Calculate the size of savings deposits in October 2020. Round your answer to one decimal place.
Chapter7: Unemployment And Inflation
Section: Chapter Questions
Problem 15E
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Answer questions 1-4 about Nigeria's macroeconomy (Nigeria's currency):
Currency in Circulation (October 2020) |
40.5 billion nigerian currency |
Reserves (October 2020) |
34.2 billion nigerian currency |
M1 (October 2020) |
2,465.9 billion nigerian currency |
M2 (October 2020) |
2,638.8 billion nigerian currency |
Calculate the size of the monetary base in October 2020. one decimal place.
- Calculate the size of
demand (checking) deposits in October 2020. Round your answer to one decimal place. - Calculate the size of savings deposits in October 2020. Round your answer to one decimal place.
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