Jackie has the following list of assets:?

Question

Jackie has the following list of assets:

* $45 in currency in her purse

* A $100 bill in her jewelry box at home

* $2,200 in a local savings account

* $500 in a chequing account (Jackie never carries her chequebook, however, because she has a debit card that is connected to the chequing account)

* 40 shares of Rogers stock, which currently sells for $20 per share

* $2,000 in a Canadian government bond that matures in five years

Q1: What is the dollar value of Jackie's assets that are considered part of M1?

Q2: What is the dollar value of Jackie's assets that are considered part of M2?

Q3:What is the current dollar value of Jackie's assets that can be considered a store of value?

Answer 1

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Answer 2

The purse money, $100 bill, chequing, are all M1, because she can liquidate them fast and buy goods and services.

All of the M1 plus the savings account are M2

The value is all of M2 plus the stocks and bonds.

Sometimes economists vary what they consider a store of value, but gebnerally M1 is to use as a medium of exchange, M2 is a unit of account, and M3/other financial assetts is a store of value.