Using the data available from the Federal Reserve (http://federalreserve.gov/eco

Question

Using the data available from the Federal Reserve (http://federalreserve.gov/econresdata/statisticsdata.htm), find the tables on Money Stock Measures.

What was the seasonally-adjusted level of the M1 money supply in December 2017? (in billions of dollars) _________________

How much did M1 grow from December 2016 to December 2017? (use the percent change at seasonally adjusted rate table) _________________

In December 2017, what was the level of the largest category in M1(in billions of dollars)? _________________

Explanation / Answer

1. M1= Curreny + travellers cheques+ demand deposits + other checkable deposits

M1= 1,525.8+1.9+1,478.9+593.6=3600.2 (billion dollars)

2. M1 @ dec 2016= 1421.3+2.2+1372.2+546.2=3341.9

growth rate year on year = [(3600.2-3341.9)/ 3341.9]*100 =7.72%

3. The larget category in M1 will be currency. After that we have demand deposits.

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