91.RefertoTable29-1.Whatis the valueof M1 in billionsof dollars?
a.$1,915billion
b.$1,900billion
c.$2,665billion
d.$2,825billion
92.RefertoTable29-1.Whatis the valueof M2 in billionsof dollars?
a.$9,815billion
b.$8,315billion
c.$7,565billion
d.$7,405billion
Table29-2.
Theinformationinthetablepertainstoanimaginaryeconomy.
TypeofMoney
Amount
Largetimedeposits
$120billion
Smalltimedeposits
$80billion
Demanddeposits
$300billion
Othercheckabledeposits
$50billion
Savingsdeposits
$65billion
Traveler’schecks
$5billion
Moneymarketmutualfunds
$200billion
Currency
$150billion
Creditcardbalances
$300billion
MiscellaneouscategoriesofM2
$30billion
93.RefertoTable29-2.WhatistheM1moneysupply?
a.$705billion
b.$570billion
c.$505billion
d.$585billion
94.RefertoTable29-2.WhatistheM2moneysupply?
a.$1,300billion
b.$580billion
c.$880billion
d.$1,000billion
95.Giventhefollowinginformation,whatarethevaluesofM1andM2?
Smalltimedeposits$600 billion
Demand depositsandothercheckabledeposits$400billion
Savingsdeposits$800billion
Moneymarketmutualfunds$700 billion
Traveler’schecks$30billion
Largetimedeposits$400billion
Currency$250billion
MiscellaneouscategoriesinM2$20billion
a.M1=$650billion,M2=$2,830billion.
b.M1=$400billion,M2=$3,080billion.
c.M1=$680billion,M2=$2,800billion.
d.M1=$680billion,M2=$3,200billion.
96.Giventhefollowinginformation,whatarethevaluesofM1andM2?
Smalltimedeposits$2,200billion
Demand depositsandothercheckabledeposits$1,700billion
Savingsdeposits$2,600billion
Moneymarketmutualfunds$1,500billion
Traveler’schecks$60billion
Largetimedeposits$1,500billion
Currency$350billion
MiscellaneouscategoriesinM2$75billion
a.M1=$4,310billion,M2=$6,285billion.
b.M1=$2,050billion,M2=$9,985billion.
c.M1=$2,110billion,M2=$8,485billion.
d.M1=$3,610billion,M2=$9,985billion.
97.Giventhefollowinginformation,whatarethevaluesofM1andM2?
Smalltimedeposits$1,800billion
Demand depositsandothercheckabledeposits$1,000billion
Savingsdeposits$1,400billion
Moneymarketmutualfunds$1,000billion
Traveler’schecks$50billion
Largetimedeposits$600billion
Currency$300billion
MiscellaneouscategoriesinM2$50billion
a.M1=$3,150billion,M2=$6,200billion.
b.M1=$1,350billion,M2=$5,600billion.
c.M1=$1,400billion,M2=$6,200billion.
d.M1=$1,300billion,M2=$5,600billion.
98.OnesurprisingthingabouttheU.S.moneystockisthat
a.banksholdsomuchcurrencyrelativetothepublic.
b.thepublicholdssomuchcurrencyrelativetobanks.
c.thereissolittlecurrencyperperson.
d.thereissomuchcurrencyperperson.
99.TheamountofcurrencyperpersonintheUnitedStatesisabout
a.$110.
b.$300.
c.$2,450.
d.$4,490.
100.IntheU.S.,theaverageadultholdsabout$4,490in
a.currency.
b.wealth.
c.M1.
d.M2.
101.WhichofthefollowingmightexplainwhytheUnitedStateshassomuchcurrencyperperson?
a.U.S.citizensareholdingalotofforeigncurrency.
b.Currencymaybeapreferablestoreofwealthforcriminals.
c.Peopleusecreditanddebitcardsmorefrequently.
d.Alloftheabovehelpexplaintheabundanceofcurrency.
102.IntheUnitedStates,currencyholdingsperpersonaverageabout
a.$110;oneexplanationforthisrelativelysmallaverageisthatmanypeopleusecreditanddebitcardstomaketransactions.
b.$110;oneexplanationforthisrelativelysmallaverageisthatU.S.citizensholdalotofforeigncurrency.
c.$4,490;oneexplanationforthisrelativelylargeamountisthatcriminalsprobablyprefercurrencyasamediumofexchange.
d.$4,490;oneexplanationforthisrelativelylargeaverageisthatU.S.citizensholdalotofforeigncurrency.
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