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yulyashka [42]
3 years ago
10

In June 2013, currency held by individuals and businesses was $1,124 billion; traveler’s checks were $4 billion; checkable depos

its owned by individuals and businesses were $1,402 billion; savings deposits were $6,884 billion; time deposits were $583 billion; and money market funds and other deposits were $647 billion. Calculate M1 and M2 in June 2013.
Business
1 answer:
densk [106]3 years ago
4 0

Answer:

M1 $2,530 billion

M2 $10,644 billion

Explanation:

  • M1 = Currency held + Travelers check + Checkable deposits

= $(1,124 + 4 + 1,402) billion = $2,530 billion

  • M2 = M1 + Savings deposits + Time deposits + Money market funds

= $(2,530 + 6,884 + 583 + 647) billion = $10,644 billion

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Answer:

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3 years ago
if the fed lowers the discount rate, the money supply multiple choice question. does not change increases decreases
MAXImum [283]

The money, if somehow the Fed lowers their discount rate, deciding on monetary policy, open market operations, and purchases

<h3>What does the term "monetary" mean? </h3>

of or pertaining to money or the systems used to supply and move money across an economy. a crime done with the intent to profit. a nation's monetary strategy. monetarily.

<h3>Does monetary refer to money? </h3>

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1 year ago
Which of the following statements about franchising is not true?
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3 0
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"An investment advisor has recommended a $50,000 portfolio containing assets R, J, and K; $25,000 will be invested in asset R, w
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