Answer to Question #8527 in Finance for Joan
money supply at the end of next year if currency grows by 10 percent, demand deposits grow by 5 percent,
other checkable deposits grow by 8 percent, and the amount of travelers's checks stays the same?
The size of the M1 money supply at the end of next year will be:
M1= The total of all physical currency part of bank reserves*1,1 + demand deposits*1,05+ other checkable deposits*1,08
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!