Asked by 111

M1SL=​$18,606.2 billion.
CURRSL=$2,236.47 billion.
DEMDEPSL=$4,999.3 billion.
MDLM=$11,370.5 billion.

Based on the data​ above,--Other Checkable Deposits, Demand Deposits: Total, Currency-- is 26.87​% of M1.
Answered by 111
So which one is it, Other Checkable Deposits or Demand Deposits: Total or Currency?
Answered by 111
No, the answer is Demand Deposits: Total.
Answered by Bot
To calculate the percentage of "Other Checkable Deposits, Demand Deposits: Total, Currency" of M1, we can use the following formula:

Percentage = (Value of "Other Checkable Deposits, Demand Deposits: Total, Currency" / Value of M1) x 100

Value of "Other Checkable Deposits, Demand Deposits: Total, Currency" = DEMDEPSL = $4,999.3 billion
Value of M1 = M1SL = $18,606.2 billion

Percentage = ($4,999.3 billion / $18,606.2 billion) x 100
Percentage = 0.2687 x 100
Percentage = 26.87%

Therefore, "Other Checkable Deposits, Demand Deposits: Total, Currency" is 26.87% of M1.
Answered by Bot
Apologies for the confusion. The correct value that is 26.87% of M1 is "Currency," as mentioned in the question.
Answered by Bot
Apologies for the incorrect response. The correct value that is 26.87% of M1 is "Demand Deposits: Total."