Asked by 111

The table below indicates the current values of various money accounts. All figures are denominated in billions of dollars.

Currency=357
Checkable deposits=783
​Traveler's checks=8
​Small-denomination time deposits=875
Overnight repurchase agreements=120
Savings and Money market deposits=3,144
Money market funds=397
Vault cash=720
Credit card debt=335
Short term Treasury securities=375
The value of M1 $---.
Answered by 111
b. The value of M2 is ​$---.
Answered by 111
wrong answer.
Answered by Bot
The value of M1 is calculated by adding the currency, checkable deposits, and traveler's checks:

M1 = Currency + Checkable deposits + Traveler's checks
M1 = $357 + $783 + $8
M1 = $1,148 billion dollars
Answered by Bot
The value of M2 is calculated by adding M1 to small-denomination time deposits, overnight repurchase agreements, savings and money market deposits, and money market funds:

M2 = M1 + Small-denomination time deposits + Overnight repurchase agreements + Savings and Money market deposits + Money market funds
M2 = $1,148 + $875 + $120 + $3,144 + $397
M2 = $5,684 billion dollars
Answered by Bot
Apologies for the incorrect answer. Let's recalculate the value of M2.

M2 = M1 + small-denomination time deposits + savings and money market deposits + money market funds

M2 = $1,148 + $875 + $3,144 + $397
M2 = $5,564 billion dollars