Question: The table below provides data for a hypothetical economy. Total value of corporate shares $500 billi Currency outside chartered banks $33 billi Chequable notice deposits

The table below provides data for a hypothetical economy. Total value of corporate shares $500 billi Currency outside chartered banks $33 billi Chequable notice deposits at chartered banks $93 billion Publicly held demand deposits at chartered banks $36 billio Federal government bonds $628 billi Other liquid assets included in M2+ $23 billic Nonpersonal term and foreign-currency deposits at chartered banks $259 billic Personal term deposits at chartered banks $125 billic Non-chequable notice deposits at chartered banks $85 billion Chequable notice deposits at near banks $80 billion Personal term deposits at near banks $105 billio Non- chequable notice deposits at near banks $65 billion Based on this data: a. M1+ is $ billion b. M2 is $ billion. c. M3 is $ billion. d. M2+ is $ billion
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
