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 $25

Answer the questions below from the data in table

Answer the questions below from the data in table (all figures are in billions of dollars). Total currency issued by the Bank of Canada $25 Total personal savings deposits 195 Total demand deposits 27 Deposits of government at the Bank of Canada 3 Currency held by commercial banks 3 Government bonds owned by the public 104 Nonpersonal term deposits (certificates of deposit) 49 a. Total currency in circulation is $ billion. b. How much larger is Mi than the total currency in circulation? Mi is larger than total currency by S billion, c. How much larger is M2 than Mi? M2 is larger than Mi by $ billion. d How much larger is M3 than M2? M3 is larger than M2 by S billion

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