EBK ECONOMICS OF MONEY, BANKING AND FIN
EBK ECONOMICS OF MONEY, BANKING AND FIN
5th Edition
ISBN: 8220106799727
Author: Mishkin
Publisher: PEARSON
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Chapter 3, Problem 1DAP
To determine

The currency, traveler’s checks, demand deposits and other checkable deposits from the recent data available to the same a year prior data, the M1 Money supply, percentage change in the M1 and in each of the four components of M1, to determine the component that has the highest growth rate and the component that has lowest growth rate and to determine the same for data from January 2000 to the most recent month of data and compare the results.

Concept Introduction:

Money supply − Money supply refers to the monetary aggregate that goes beyond monetary base including other assets which could be less liquid in form or in other words total value of monetary assets available in an economy.

M1 Money supply includes most liquid part of the money supply including physical currencies such as notes, coins, demand drafts, traveler’s checks, checkable deposits.

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