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Answer the questions below from the data in table (all figures are in billions of dollars). Total currency issued by the Bank of Canada Total personal savings deposits Total demand deposits Deposits of government at the Bank of Canada Currency held by commercial banks Canada Savings Bonds and non-money market mutual funds Government bonds owned by the public Deposits at near-banks (certificates of deposit a. Total currency in circulation is $ billion. b. How much larger is M1 than the total currency in circulation? M1 is larger than total currency by $ billion. c. How much larger is M2 than M1? M2 is larger than M1 by $ d. How much larger is M2+ than M2? M2+ is larger than M2 by $1 e. How much larger is M2++ than M2+? M2++ is larger than M2+ by $ billion. billion. billion. $17 186 190 30 3 271 96 41

Answer the questions below from the data in table (all figures are in billions of dollars). Total currency issued by the Bank of Canada Total personal savings deposits Total demand deposits Deposits of government at the Bank of Canada Currency held by commercial banks Canada Savings Bonds and non-money market mutual funds Government bonds owned by the public Deposits at near-banks (certificates of deposit a. Total currency in circulation is $ billion. b. How much larger is M1 than the total currency in circulation? M1 is larger than total currency by $ billion. c. How much larger is M2 than M1? M2 is larger than M1 by $ d. How much larger is M2+ than M2? M2+ is larger than M2 by $1 e. How much larger is M2++ than M2+? M2++ is larger than M2+ by $ billion. billion. billion. $17 186 190 30 3 271 96 41

ECON MACRO
ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter13: Money And The Financial System
Section: Chapter Questions
Problem 1.4P
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Answer the questions below from the data in table (all figures are in billions of dollars). Total currency issued by the Bank of Canada Total personal savings deposits Total demand deposits Deposits of government at the Bank of Canada Currency held by commercial banks Canada Savings Bonds and non-money market mutual funds Government bonds owned by the public Deposits at near-banks (certificates of deposit a. Total currency in circulation is $ b. How much larger is M1 than the total currency in circulation? M1 is larger than total currency by $ c. How much larger is M2 than M1? M2 is larger than M1 by $ billion. billion. d. How much larger is M2+ than M2? M2+ is larger than M2 by $ e. How much larger is M2++ than M2+? M2++ is larger than M2+ by $ billion. billion. billion. $17 186 190 30 3 271 96 41
Transcribed Image Text:Answer the questions below from the data in table (all figures are in billions of dollars). Total currency issued by the Bank of Canada Total personal savings deposits Total demand deposits Deposits of government at the Bank of Canada Currency held by commercial banks Canada Savings Bonds and non-money market mutual funds Government bonds owned by the public Deposits at near-banks (certificates of deposit a. Total currency in circulation is $ b. How much larger is M1 than the total currency in circulation? M1 is larger than total currency by $ c. How much larger is M2 than M1? M2 is larger than M1 by $ billion. billion. d. How much larger is M2+ than M2? M2+ is larger than M2 by $ e. How much larger is M2++ than M2+? M2++ is larger than M2+ by $ billion. billion. billion. $17 186 190 30 3 271 96 41
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