ECON 1000 Study Guide - Ratia, Berlin Outer Ring, Reserve Requirement
16 Dec 2014
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Multiple choice: which of the following is included in m2 but not in m1, demand deposits corporate bonds b. c. large time deposits, money market mutual funds. Ans: d: m1 is a. b. c. d. Ans: b smaller and less liquid than m2. smaller but more liquid than m2. larger than and less liquid than m2. larger than but more liquid than m2. Use the (hypothetical) information in the following table to answer the following questions. What is the m1 money supply: billion, billion, billion, billion. What is the m2 money supply: billion, billion, billion, billion. 1: the amount of currency per person in canada is about, , , ,000, ,550. Ans: b: in canada, per person a. b. c. d. average currency holdings are about . One explanation for this relatively small average is that money people use credit and debit cards to make transactions. average currency holdings are about .
