Given the information below: ITEMS RM Millions Paper money 5500 Negotiable Certificates 3600 Fixed and Savings Deposit in Commercial Banks 15000 Bank Negara Certificates 12000 If the fiat money is RM8000mil, calculate: a) Coins b) M1 c) M2
Given the information below: ITEMS RM Millions Paper money 5500 Negotiable Certificates 3600 Fixed and Savings Deposit in Commercial Banks 15000 Bank Negara Certificates 12000 If the fiat money is RM8000mil, calculate: a) Coins b) M1 c) M2
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter14: Modern Macroeconomics And Monetary Policy
Section: Chapter Questions
Problem 2CQ
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Given the information below:
ITEMS
RM Millions
Paper money
5500
Negotiable Certificates
3600
Fixed and Savings Deposit in Commercial Banks
15000
Bank Negara Certificates
12000
If the fiat money is RM8000mil, calculate:
a) Coins
b) M1
c) M2
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