The table to the right shows hypothetical values, in billions of dollars. Use the table to calculate the M1 and M2 money supply for each year. (Enter your responses rounded to the nearest dollar) Total M1 Total M2 2009 1924 10240 M1 Growth rate M2 Growth rate 2010 1906 10565 2011 1919 11055 Calculate the growth rates of the M1 and M2 money supply from the previous year. (Enter your responses rounded to one decimal place. Use a minus sign to enter negative numbers.) 2010 2011 2012 1936 11716 2012 A. Currency B. Money market mutual fund shares C. Saving account deposits D. Money market deposit accounts E. Demand and checkable deposits F. Small-denomination time deposits G. Traveler's checks H. 3-month Treasury bills 2009 920 676 2010 2011 2012 930 936 941 677 675 684 5,600 5,880 6,068 6,205 1,200 1,231 1,260 1,315 1,000 972 980 993 840 871 1,133 1,576 4 4 3 2 1,996 2,384 2,446 2,512
The table to the right shows hypothetical values, in billions of dollars. Use the table to calculate the M1 and M2 money supply for each year. (Enter your responses rounded to the nearest dollar) Total M1 Total M2 2009 1924 10240 M1 Growth rate M2 Growth rate 2010 1906 10565 2011 1919 11055 Calculate the growth rates of the M1 and M2 money supply from the previous year. (Enter your responses rounded to one decimal place. Use a minus sign to enter negative numbers.) 2010 2011 2012 1936 11716 2012 A. Currency B. Money market mutual fund shares C. Saving account deposits D. Money market deposit accounts E. Demand and checkable deposits F. Small-denomination time deposits G. Traveler's checks H. 3-month Treasury bills 2009 920 676 2010 2011 2012 930 936 941 677 675 684 5,600 5,880 6,068 6,205 1,200 1,231 1,260 1,315 1,000 972 980 993 840 871 1,133 1,576 4 4 3 2 1,996 2,384 2,446 2,512
Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter19: The International Monetary System: Order Or Disorder
Section: Chapter Questions
Problem 8DQ
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