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QUESTION 2 (16.5 marks) Items $ million Savings deposits in commercial banks 4,000 Current account deposits 4,850 Negotiable certificates of deposit 1,845 Repurchase agreements 500 Broad money 25,765 Fiat money 3,370 Fixed deposits in commercial banks 2,800 Bank Negara Certificates 4,500 a) Which items in the table above are quasi money? b) Find the value of Narrow Money. C) Find the value of M2. d Find the value of deposits placed with other banking institutions. e Among the 3 groups of money supply, which group has the highest liquidity? Among the 3 groups of money supply, which group is the most inclusive method of measuring money supply