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A bank has checking deposits of $400, saving deposits of $900, time deposits of $900, loans of $950,

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A bank has checking deposits of $400, saving deposits of $900, time deposits of $900, loans of $950,

A bank has checking deposits of $400, saving deposits of $900, time deposits of $900, loans of $950, government securities of $900, outstanding credit card balances of $400, currency in its vault of $40, and deposits in its reserve account at the Fed of $40.
a.   What is the amount of this bank's deposits that are in M1?
b.   What is the amount of this bank's deposits that are in M2?
c.   What is the amount of this bank's reserves?

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Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Sydnie

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Sydnie

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8 years ago

I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile

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