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Use the following table on the components of money in a hypothetical economy to do exercises 11 and 12. Money Component Amount 2$ $ 100 $ 2,500 $ 2,500 $ 6,000 $ 5,000 $ 9,000 $7,500 Traveler's checks Currency Small-denomination time deposits Savings deposits Demand deposits Other checkable deposits Retail money market mutual funds

Use the following table on the components of money in a hypothetical economy to do exercises 11 and 12. Money Component Amount 2$ $ 100 $ 2,500 $ 2,500 $ 6,000 $ 5,000 $ 9,000 $7,500 Traveler's checks Currency Small-denomination time deposits Savings deposits Demand deposits Other checkable deposits Retail money market mutual funds

Economics:
Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter12: Money And Banking
Section: Chapter Questions
Problem 11E
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Use the following table on the components of money in a hypothetical economy to do exercises 11 and 12. Money Component Amount $ 100 $ 2,500 $ 2,500 $ 6,000 $ 5,000 $ 9,000 $7,500 Traveler's checks Currency Small-denomination time deposits Savings deposits Demand deposits Other checkable deposits Retail money market mutual funds
Transcribed Image Text:Use the following table on the components of money in a hypothetical economy to do exercises 11 and 12. Money Component Amount $ 100 $ 2,500 $ 2,500 $ 6,000 $ 5,000 $ 9,000 $7,500 Traveler's checks Currency Small-denomination time deposits Savings deposits Demand deposits Other checkable deposits Retail money market mutual funds
12. What is the value of M2 in the preceding table? 11. What is the value of M1 in the preceding table? Jeinli
Transcribed Image Text:12. What is the value of M2 in the preceding table? 11. What is the value of M1 in the preceding table? Jeinli
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Money supply is categorize into four group in United States, M1, M2, M3 and M4 which are called money aggregates. 

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