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In January 2016​, currency held by individuals and businesses and​ traveler's checks was ​$1,347 ​billion; checkable deposits owned by individuals and businesses were ​$1,764 ​billion; savings deposits were ​$8,189 ​billion; small time deposits were ​$400 ​billion; and money market funds and other deposits were ​$709 billion. Calculate savings deposits in January 2016.

Respuesta :

Answer:

[tex]M_1 = $3111[/tex]

[tex]M_2 = $12409[/tex]

Explanation:

    Given data:

Amount of currency held  =  $1347 billion

checkable deposit $1347 billion

saving deposit $8189 billion

small time deposit $400 billion

market fund $709 billion

Saving deposit in the form M2 and M1

M_1 =  currency held as individual and traveller check +  checkable deposit

       = $1347 + $1764

[tex]M_1 = $3111[/tex]

M_2 = M_1 +  saving deposit _ time deposit + maket funds

       = $3111 + $8189 + $400 + $709

[tex]M_2 = $12409[/tex]

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