late M1, M2 an M3 using the following Items Negotiable certificates Fiat Money Checkable deposits Repurchase agreement Travelers Check Deposits in other financial institutions Billion $ 304 438 509 198 18 326

late M1, M2 an M3 using the following Items Negotiable certificates Fiat Money Checkable deposits Repurchase agreement Travelers Check Deposits in other financial institutions Billion $ 304 438 509 198 18 326

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter12: Money, Banking And The Financial System

Section: Chapter Questions

Problem 12QP

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Question

Calculate M1, M2 and M3 using the following information:
Items
Negotiable certificates
Fiat Money
Checkable deposits
Repurchase agreement
Travelers Check
Deposits in other financial institutions
Saving in commercial banks
Billion $
304
438
509
198
18
326
637

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