Localfund.com - All about Fund and Investment
*Home>>>Money Market Funds

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


Jackie has the following list of assets:


$45 in coins and currency in her purse


A $100 bill in her jewelry box at home


$1,200 in a local savings account


$500 in a checking account (Jackie never carries her checkbook, however, because she has a debit card that is connected to the checking account.)


40 shares of General Electric stock, which currently sells for $20 per share


$1,000 in a money market mutual fund


$2,000 in a U.S. government bond that matures in five years

Coin currency, money held by public, and checking are M1. M2 includes M1 + savings accounts and Non institutial money markets. I think a money market mutual fund is institutional but I am not sure.

Answer not including the mutual fund

so its $45 + $100 + $1,200 + $500 = $1,845

Answer including the mututal fund

$45 + $100 + $1,200 + $500 + $1,000 = $2,845

Tags
  Online Investment   Online Business   Offshore Investment   Mutual Fund   Money Market Funds   Money Investment   Managed Fund   Make Money   Low Risk Investment
Related information
  • Buy a home versus rent? Full-time college student w/ part-time job.?

    If living at home is OK, that is what you should continue to do. It doesn't get any cheaper than that. Chances are that you will move when you get done with college. Not owning a house will...

  • I鈥檓 looking to invest in a fund offering tax free income - any suggestions?

    Try municipal bonds for tax-free status. When I lived in the U.S. (20+ years ago), I think they were tax-exempt. Might still be. But you asking for too much: - If you expect capital guarantee, ...

  • What does it mean when "Federal Reserve cut the federal funds and discount rates by a half-point each"?

    They cut most of the rates they charge the banks, and that should eventually pass on some savings to consumers who borrow. But it will also lower the interest we get for savings accounts interest i...

  • Aargh! How do I deal with market frustration?

    If you put money in mutual fund, why not let's the fund manager worry for you. Fact, a good funds alway recover from a correction such as this one. Just let it sit and give it some time. ...

  • I've got some cash that is just sitting in a savings account? What should I do with it?

    Well, if you think you need it in several years, then, you can't put in retirement accont, you don't want to pay the penalty. But if you don't have a retirement account, you really s...

  • I hired a lawyer to file claims for 6 yr daughter car accident.?

    No, the money to pay for medical compensation should be a seperate issue, and you should have asked for that seperately from this.

    ...
  • Overseas stocks in recession?

    This is a very difficult question to answer with any assurance that the answer is going to be worth more than the electons it costs to send it. As one responder has already pointed out, with the d...

  • Is everybody aware of the power of leveraged index funds?

    And if you get out of the markets way down w/ leverage-100,000,000? What funds are you referring to

    ...
  •  

    Categories--Copyright/IP Policy--Contact Webmaster