b) You have been given the following information monetary assets of a country in a specific budget year:
Cash in hands of the public = Kshs. 300b (where ‘b’ represents billion)
Demand Deposits (DD) = Kshs. 400b
Other Checkable Deposits = Kshs. 150b
Traveler’s checks = Kshs. 50b
Savings Type accounts = Kshs. 2000b
Money Market Mutual Funds (MMMF) = Kshs. 1000b
Small Time Deposits = Kshs. 500b
Large Time Deposits = Kshs. 450b
i) Calculate M1 for the economy. (2 Marks)
ii) Calculate M2 for the economy. (3 Marks)
iii) Calculate the money supply for the economy. (3 Marks)
iv) Which item is not included in the calculations of M1 and M2? (2 Marks)
1
Expert's answer
2018-10-16T11:28:48-0400
Dear cosmas, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment