MACROECONOMICS homework help- FINDING M+, M1, AND M2?

Posted on 2014-04-21 10:02:00 in Economics by WESLEY

Using the information below, answer the following questions on money:

Currency outside banks: coins=1,257



paper money=13,301



Demand deposits=87,914



Deposits at trust and mortgage loan companies, credit unions =43,431



Money market mutual funds and deposits at other institutions =9,368



Personal saving deposits and non personal notice deposits

=12,305



Part 1: The value of 'M1' is: 89,171

Part 2: The value of 'M2' is: 101,476

Part 3: The value of 'M2+' is: 145, 275

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