Type of Money Amount Large time deposits $120 billion Small time deposits $80 billion Demand deposits $300 billion Other checkable deposits $50 billion Savings deposits $65 billion Traveler's checks $5 billion Money market mutual funds $200 billion Currency $150 billion Credit card balances $300 billion Miscellaneous categories of M2 $30 billion Refer to Table 29-2. What is the M2 money supply? a. $1,300 billion b. $580 billion c. $880 billion d. $1,000 billion
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First, we need to add up all the amounts given for each type of money: Large time deposits: $120 billion Small time deposits: $80 billion Demand deposits: $300 billion Other checkable deposits: $50 billion Savings deposits: $65 billion Traveler's checks: $5 Show more…
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