Question: Answer the questions below from the data in table (all figures are in billions of dollars). Total currency issued by the Bank of Canada
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 Government bonds owned by the public Nonpersonal term deposits (certificates of deposit) a. Total currency in circulation is $| billion. $24 194 26 4 4 103 48 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 $[ billion. d. How much larger is M3 than M2? M3 is larger than M2 by $| billion.
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