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Leviafan [203]
3 years ago
13

Currency held outside banks is $200 billion, money market mutual funds (retail) are $10 billion, small-denomination time deposit

s are $30 million, and saving deposits (including money market deposit accounts) are $220 billion. How much does M2 equal
Business
1 answer:
ratelena [41]3 years ago
3 0

Answer:

M2 = $470 billion.

Explanation:

M2 = Currency + Money market mutual fund + Time deposits + Saving deposits

M2 = 200 billion + 10 billion + 40 billion + 220 billion

M2 = $470 billion.

M2 is a calculation of the money supply that includes all elements of M1 as well as "near money"

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