End-of-Chapter Exercise 19 Question Help The table to the right shows hypothetic
ID: 1131898 • Letter: E
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End-of-Chapter Exercise 19 Question Help The table to the right shows hypothetical values, in billions of dollars 20092010 2011 2012 920935 937 943 680 685683 692 A. Currency Use the table to calculate the M1 and M2 money supply for each year. (Enter your responses rounded to the nearest dollar) B. Money market C. Saving account D. Money market E. Demand and mutual fund shares deposits deposit accounts checkable deposits time deposits 2009 2010 2011 2012 5,500 5,780 5,968 6,105 Total M1 1,220 1,251 1,280 1,335 Total M2 990962 970 983 F. Small-denomination 810 841,103 1,546 G. Traveler's checks 4 4. H. 3-month Treasury1,980 2.368 2,430 2,496 bills Enter your answer in the edit fields and then click Check Answer.Explanation / Answer
M1 includes and sum total of A,E and G
M2 includes and is sum total of A to G
M1 in 2009 = 1914
M1 in 2010= 1901
M1 in 2011= 1910
M1 in 2012= 1928
M2 in 2009= 10124
M2 in 2010= 10458
M2 in 2011= 10944
M2 in 2012= 11606
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