Use the table below to answer the following questions regarding the monetary agg

Question

Use the table below to answer the following questions regarding the monetary aggregates Components of M1, M2, and M3 Currency Noninstitutional money market mutual funds Demand deposits Institutional money market mutual funds Savings and money market deposit accounts Large time deposits Small time deposits Repurchase agreements Eurodollars Traveler's checks Other checkable deposits $600 $1,000 $300 $600 $2,100 $700 $1,000 $300 $200 $10 $200 9.2. According to the table above, M2 equals: Please enter a whole number, with no decimal point.

Explanation / Answer

M2= currency +non-institutional money market mutual fund + demand deposit + saving and money market deposit account + small time deposit + repurchase aggrement + Eurodollar + Travellers checks+ other checkable deposit

M2= 600+1,000+300+2,100+1,000+300+200+10+200

=$5,710

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