In July 2011, currency held by individuals and businesses was $57 billion; chequable deposits owned by individuals
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In July 2011, currency held by individuals and businesses was $57 billion; chequable deposits owned by individuals and businesses were $211 billion; nonchequable person deposits were $163 billion; non-chequable business deposits were $29 billion; and fixed term deposits were $303 billion. Calculate M1 and M2 in July 2011.
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M1 consists of currency held by individuals and businesses plu...View the full answer
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Related Book For 
Macroeconomics Canada In The Global Environment
ISBN: 9780321931207
9th Edition
Authors: Michael Parkin, Robin Bade
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