Go to the St. Louis Federal Reserve FRED database, and find data on currency (CURRSL), traveler's checks
Question:
Go to the St. Louis Federal Reserve FRED database, and find data on currency (CURRSL), traveler's checks (TVCKSSL), demand deposits (DEMDEPSL), and other checkable deposits (OCDSL). Calculate the M1 money supply, and calculate the percentage change in M1 and in each of the four components of M1 from the most recent month of data available to the same time one year prior. Which component has the highest growth rate? The lowest growth rate? Repeat the calculations using the data from January 2000 to the most recent month of data available, and compare your results.
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Step by Step Answer:
See tables below showing calculations from the April 2014 benchmark period Over the one...View the full answer
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Related Book For 
The Economics of Money Banking and Financial Markets
ISBN: 978-0133836790
11th edition
Authors: Frederic S. Mishkin
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