The table that follows shows the components of M1+, M2, and M2+ in billions of dollars from
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January February March 2016 August September October November December January February March April May June July 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2016 2017 2017 2017 Currency outside banks 74.3 74.7 75.0 75.4 76.0 76.2 76.6 76.9 77.2 77.8 78.2 78.5 78.8 78.9 79.6 Deposits at chartered banks Chequable deposits 671.2 674.1 678.5 722.1 665.9 684.2 686.0 697.1 701.0 708.9 716.1 729.0 739.3 735.0 744.6 Personal term 625.1 606.3 613.8 616.3 620.8 621.8 628.7 631.8 633.1 637.5 642.3 641.8 650.9 653.1 654.0 deposits Non-personal depos its (non-chequable) 47.2 45.6 44.5 43.5 43.4 44.2 45.6 46.4 48.3 49.3 51.0 50.3 49.9 49.2 50.0 Deposits at trust and mortgage loan companies, credit unions, caisses populaires Chequable deposits 83.0 87.2 86.8 81.2 81.9 82.4 82.5 84.1 86.3 87.6 87.6 86.9 86.6 88.0 88.0 Non-chequable deposits 224.8 225.6 227.2 233.2 224.4 226.2 228.3 228.9 228.0 228.8 230.5 230.7 232.4 232.0 232.5 Deposits at other financial institu tions, including life insurance 51.0 52.2 51.4 50.5 50.6 50.7 51.6 52.2 52.5 52.5 52.5 51.8 51.5 51.4 51.5 company individ- ual annuities Money market mutual funds 22.9 22.9 22.6 21.9 22.0 21.7 21.7 21.7 21.7 21.8 21.8 21.9 21.6 21.5 22.0 Adjustment to M2 -1.6 -1.3 -1.1 -1.3 -1.4 -0.7 -0.8 -0.3 -0.5 -0.7 -0.9 -0.8 -4.6 -4.3 -4.4 Adjustment to M2+ -1.7 -1.7 -1.3 -1.4 -1.4 -1.6 -1.7 -1.8 -1.7 -1.7 -1.6 -1.5 2.6 2.7 2.7 M1+ M2 M2+ Currency in circulation as a per- centage of M1+ Currency in circulation as a per- centage of M2+ Data from: The Bank of Canada.
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In the completed table that follows M1 consists of currency in circulation travelers checks and checkable deposits M2 consists of M1 plus money market ...View the full answer
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Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
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