QUESTION 17 Table 30-2 The information in the following table pertains to the hypothetical economy of Florencial. Type of Money Amount (Billions of dollars) Large time deposits 120 Small time deposits 80 Demand deposits 300 Other checkable deposits 50 Savings deposits 65 Money market mutual funds 200 Currency 150 Credit card balances 300 Miscellaneous categories of M2 30 Refer to Table 30-2. What is the M2 money supply in Florencial? Oa. $1,300 billion Ob. $875 billion Oc. $1,000 billion Od. $580 billion
QUESTION 17 Table 30-2 The information in the following table pertains to the hypothetical economy of Florencial. Type of Money Amount (Billions of dollars) Large time deposits 120 Small time deposits 80 Demand deposits 300 Other checkable deposits 50 Savings deposits 65 Money market mutual funds 200 Currency 150 Credit card balances 300 Miscellaneous categories of M2 30 Refer to Table 30-2. What is the M2 money supply in Florencial? Oa. $1,300 billion Ob. $875 billion Oc. $1,000 billion Od. $580 billion
Chapter25: Money Creation
Section: Chapter Questions
Problem 18SQ
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Transcribed Image Text:QUESTION 17
Table 30-2
The information in the following table pertains to the hypothetical economy of Florencial.
Type of Money
Amount
(Billions of dollars)
Large time deposits
120
Small time deposits
80
Demand deposits
300
Other checkable deposits
50
Savings deposits
65
Money market mutual funds
200
Currency
150
Credit card balances
300
Miscellaneous categories of M2
30
Refer to Table 30-2. What is the M2 money supply in Florencial?
Oa. $1,300 billion
Ob. $875 billion
Oc. $1,000 billion
Od. $580 billion
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