The table below shows hypothetical values, in billions of dollars, of different forms of money. a. Use
Question:
The table below shows hypothetical values, in billions of dollars, of different forms of money.
a. Use the table to calculate the M1 and M2 money supplies for each year, as well as the growth rates of the M1 and M2 money supplies from the previous year.
b. Why are the growth rates of M1 and M2 so different? Explain.
Transcribed Image Text:
2015 900 680 2016 2017 925 679 5,968 1,274 201 93 68 6,10 1,32 99 1,56 Currency A. 920 B. Money market mutual fund shares 681 Saving account deposits 5,500 1,214 1,000 830 5,780 1,245 C. Money market deposit accounts D. E. Demand and checkable deposits 972 861 980 1,123 Small denomination time F. G. Traveler's checks H. deposits 3-monthtreasurybills 1,986 2,374 2,436 2,50
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
The M1 money supply is the sum of rows A E and G for each year The M2 money supply is the sum of all ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
The Economics of Money Banking and Financial Markets
ISBN: 978-0133836790
11th edition
Authors: Frederic S. Mishkin
Question Posted:
Students also viewed these Micro Economics questions
-
The hypothetical sport of Major League Calvin ball uses what is known as a 531system to vote for the leagues Most Valuable Player (MVP) in each league. In a 531system, each voter gets to vote for...
-
The table below shows the closing monthly stock prices for Amazon.com and Google during 2007. Calculate the simple three-month moving average for each month for bothcompanies. 56810 41397 57 19817...
-
The table below shows the expected return and standard deviation for two stocks. Is the pattern shown in the table possible? Stock Beta Std. Dev 1 1.5 22% 2 0.9 3590
-
A new computer system allows your firm to more accurately monitor inventory and anticipate future inventory shortfalls. As a result, the firm feels more able to pare down its inventory levels. What...
-
A common textbook problem asks you to calculate the resistance of a cone-shaped object, of resistivity p, with length L, radius a at one end, and radius b at the other (Fig. 7.50). The two ends are...
-
Why is transforming data necessary and why does it take so much time? What ways can you think of to reduce the time needed to transform data?
-
A spoilage-retarding ingredient is added in brewing beer. To determine the extent to which the taste of the beer is affected by the amount of this ingredient added to each batch, and how such taste...
-
Cal-C-Yum produces milk and sour cream from a joint process. During June, the company produced 120,000 quarts of milk and 160,000 pints of sour cream (there are two pints in a quart). Sales value at...
-
Problem 3: Draw the isometric view of the part whose orthographic projects are shown below. Show hidden lines.
-
It is often said that consumers receive free content online. Is this the case? Why or why not?
-
In April 2009, the growth rate of M1 fell to 6.1%, while the growth rate of M2 rose to 10.3%. In September 2013, the year-over-year growth rate of the M1 money supply was 6.5%, while the growth rate...
-
In prison, cigarettes are sometimes used among inmates as a form of payment. How is it possible for cigarettes to solve the "double coincidence of wants" problem, even if a prisoner does not smoke?
-
Luxury Auto Limitations. Lutz Corporation acquired a 100% business-use automobile (MACRS S-year recovery) on July 1, 2019 for $64,000. The company did not elect Sec 179 expensing and elects out of...
-
Ryan recently disposed Bitcoin but initially did not report this. After an ATO investigation, the ATO issued an Amended Notice of Amendment which reported that he would be liable to pay tax liability...
-
Profit Max Using solver find profit max P,Q,TC,TR, and Profit. You will have till Friday midnight. Turn in only an Excel spreadsheet. 1. P= 25 -.25Q and TC = .15Q 2 + 5Q + 30
-
A C - corporation has gross receipts of $ 1 5 0 , 0 0 0 , $ 3 5 , 0 0 0 of other income, and deductible expenses of $ 9 5 , 0 0 0 . In addition, the corporation incurred a net long - term capital...
-
1. While doing a lab experiment, physics students experimentally gathered data in order to determine the true resistance of a "500" resistor. Create a graph showing the Voltage vs. Current. By using...
-
As an investor, you want to determine if the ACME corporation is managing its overhead costs and production costs well. Given the following situations, determine the change in operating incomefor...
-
Imperial Jewellers is considering a special order for 20 handcrafted gold bracelets for a major upscale wedding. The gold bracelets are to be given as gifts to members of the wedding party. The...
-
Prepare a stock card using the following information A company is registered for GST which it pays quarterly, assume GST was last paid on the 30th of June 2019. It uses weighted average cost...
-
If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9%, are people more or less likely to but houses?
-
Interest rates were lower in the mid-1980s than they were in the late 1970s, yet many economisis have commented that real interest rates were actually much higher in the mid-1980s than in the late...
-
Interest rates were lower in the mid-1980s than they were in the late 1970s, yet many economisis have commented that real interest rates were actually much higher in the mid-1980s than in the late...
-
given l o g x 5 = l o g 5 x solve for x
-
Solve the formula 8 x 3 y = - 1 9 for y .
-
Q6 Find the total amount for of the current balance for each underwriter and find out top 10 richest underwriter Q7 Create a pivot table for the entire data and find out the total current balance for...
Ntroduction To Operations Research And Management Science 1st Edition - ISBN: 0070528705 - Free Book
Study smarter with the SolutionInn App