Asked by Frances Collins
The following information is available to you: travelers' checks = $1
million; coin and paper currency = $30 million; repurchase agree¬
ments and Eurodollars = $15 million; demand deposits = $25 million;
retail money market mutual funds = $60 million; savings accounts at
depository institutions = $40 million; checkable deposits at depository
institutions = $35 million; large-denomination time deposits = $50
million; institutional money market mutual funds = $65 million; and
small-denomination time deposits = $45 million. Using Federal
Reserve definitions, determine the dollar sizes of the following:
a. Ml money supply
b. M2 money supply
c. M3 money supply
million; coin and paper currency = $30 million; repurchase agree¬
ments and Eurodollars = $15 million; demand deposits = $25 million;
retail money market mutual funds = $60 million; savings accounts at
depository institutions = $40 million; checkable deposits at depository
institutions = $35 million; large-denomination time deposits = $50
million; institutional money market mutual funds = $65 million; and
small-denomination time deposits = $45 million. Using Federal
Reserve definitions, determine the dollar sizes of the following:
a. Ml money supply
b. M2 money supply
c. M3 money supply
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