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 $26
Answer the questions below from the data in table (all figures are in billions of dollars).
| Total currency issued by the Bank of Canada | $26 |
| Total personal savings deposits | 196 |
| Total demand deposits | 280 |
| Deposits of government at the Bank of Canada | 50 |
| Currency held by commercial banks | 5 |
| Canada Savings Bonds and non-money market mutual funds | 295 |
| Government bonds owned by the public | 105 |
| Deposits at near-banks(certificates of deposit | 50 |
a. Total currency in circulation is $ billion. 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 M2+ than M2? M2+ is larger than M2 by $ billion.
e. How much larger is M2++ than M2+?
M2++ is larger than M2+ by $ billion.
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