Question: Table to use : Based on the table answer the following questions : A) Calculate the value of the currency in circulation in both periods.

Table to use :

Table (2) Money Supply Developments (M2) (KD million) Change End of Period 2018/19 2019/20 Value (%) 38,9473 38,022.6 -924.7

Based on the table answer the following questions :

A) Calculate the value of the currency in circulation in both periods. Show steps.

B) Calculate the value and percentage change in the currency in circulation.

C) According to the Central Bank of Kuwait, which aggregate measure is better in assessing money supply?

D) According to this table, what was the main driver of the negative change in money supply in 2019/2020?

End of Period Table (2) Money Supply Developments (M2) (KD million) 2018/19 2019/20 38,947,3 38,022.6 10,492.3 11,476.5 8,688.9 9,351.0 28,455.0 26,546.1 25,698.3 24,160.8 2,756.7 2,385.2 Money Supply (M2) Money (MI) of which Sight Deposits Quasi Money KD Deposits (other than sight deposits) FC Deposits Source: Central Bank of Kuwait Value -924.7 984.2 662,1 -1,908,9 -1,537.5 -371.5 Change (%) -2.4 9.4 7.6 -6.7 -6.0 -13.5

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Currency in circulation M0 In 201819 M0 KD 389473 million In 201920 M0 KD 380226 million I simply to... View full answer

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