Econ Credit Creation Pastpaper－快遞百科

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Econ Credit Creation Pastpaper

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The following are the consolidated balance sheets of all commercial banks for January and February in a certain year : JanuaryAssets ($mn)Liabilities ($mn)Cash Reserve 40Demand Deposits 20 Loans 60Saving Deposits ... 顯示更多 The following are the consolidated balance sheets of all commercial banks for January and February in a certain year : January Assets ($mn)Liabilities ($mn) Cash Reserve 40Demand Deposits 20 Loans 60Saving Deposits 40 Time Deposits 40 February Assets ($mn)Liabilities ($mn) Cash Reserve 50Demand Deposits 30 Loans 50Saving Deposits 40 Time Deposits 30 According to the above consolidated balance sheets, what are the changes in M1 and M2 from January to February ? Show your calculation. Thanks a lot.. dont understand the marking scheme

最佳解答:

M1 = Cp + Dd M1 in Jan = $ 20M M1 in Feb = $ 30M Change in M1 = $ 30M - $ 20M = + $ 10M M2 = M1 + Saving deposits + Time deposits in licensed banks M2 in Jan = $ 20M + $ 40M + $ 40 M = $ 100M M2 in Feb = $ 30M + $ 40M + $ 30M = $ 100M Change in M2 = $ 100M - $ 100M = 0