Items $ million Commercial banks' saving deposits 4,000 M2 Commercial banks' fixed deposits Bank Negara certificates Rero Narrow Money Saving deposit in other banking institutions Current account deposits Time deposit in other banking institutions 2,1865 2,800 4,000 1,000 8,220 2,000 4,850 1,900 a) Find the amount of fiat money. b) Find the amount of NCD. c) Find the amount of Broad Money. d) Which is the most inclusive method of measuring money supply among M1, M2, and M3? Which is the least inclusive method of measuring money supply among M1, M2, and M3? e) Which items in the above table are not quasi money?
Items $ million Commercial banks' saving deposits 4,000 M2 Commercial banks' fixed deposits Bank Negara certificates Rero Narrow Money Saving deposit in other banking institutions Current account deposits Time deposit in other banking institutions 2,1865 2,800 4,000 1,000 8,220 2,000 4,850 1,900 a) Find the amount of fiat money. b) Find the amount of NCD. c) Find the amount of Broad Money. d) Which is the most inclusive method of measuring money supply among M1, M2, and M3? Which is the least inclusive method of measuring money supply among M1, M2, and M3? e) Which items in the above table are not quasi money?
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
Section: Chapter Questions
Problem 12PA
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