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Understanding Money Supply Measurements and the ICIC Initiative

Explore the goal of the ICIC, number of checks written yearly, loans for local banks, and money supply measurements M1, M2, M3. Complete Chapter 14, Section 3 homework questions 1, 2, and 3abc on page 344.

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Understanding Money Supply Measurements and the ICIC Initiative

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  1. Bell Ringer #4 – 3/10/11 • What was the goal of the Initiative for a Competitive Inner City (ICIC)? • How many checks do Americans write each year? • What institution provides loans for local banks?

  2. Money Supply – 3 measurements • M1 – Narrowest Measure. It counts funds easily accessible and in circulation. Simplest measure of money. • M2 – Includes M1 + money market account shares, savings deposits, etc. • M3 – Broadest measure; Includes M2 + puchase agreements and some Eurodolalrs

  3. Component of Monetary Suply

  4. Homework • Read Ch 14, Sec 3 • Answer questions 1, 2, & 3abc on page 344

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