MACROECONOMIC
Extracted text: b) Justify which year recorded the highest percentage of increment in money supply Mị by providing all the relevant calculations. c) Justify which year recorded the highest percentage of increment in money supply M2 by providing all the relevant calculations.
Extracted text: Table 1 displays data for money aggregates released by the Central Bank, Country A for the years 2019 - 2021. TABLE 1 2019 (Jan) $ Million 2020 (Jan) $ Million 2021 (Jan) $ Million Items Repurchase agreements |Currency in circulation Demand deposits Fixed deposits with commercial banks, Islamic banks and central 0.0 101,254.1 326,976.9 1,130,449.7 50.8 105,091.5 344,140.6 53.5 123,007.5 412,203.8 1,158,924.1 1,120,366.7 bank Foreign currency deposits with commercial banks, Islamic banks and central bank Deposits placed with other banking institutions Saving deposits with commercial banks Negotiable instruments of deposits 145,887.1 155,502.5 159,817.5 9,698.1 10,556.70 2,558.7 162,067.8 172,797.0 218,820.0 12,375.3 14,366.6 8,824.5