M1SL=$18,606.2 billion.
CURRSL=$2,236.47 billion.
DEMDEPSL=$4,999.3 billion.
MDLM=$11,370.5 billion.
Based on the data above,--Other Checkable Deposits, Demand Deposits: Total, Currency-- is 26.87% of M1.
To calculate the percentage of "Other Checkable Deposits, Demand Deposits: Total, Currency" of M1, we can use the following formula:
Percentage = (Value of "Other Checkable Deposits, Demand Deposits: Total, Currency" / Value of M1) x 100
Value of "Other Checkable Deposits, Demand Deposits: Total, Currency" = DEMDEPSL = $4,999.3 billion
Value of M1 = M1SL = $18,606.2 billion
Percentage = ($4,999.3 billion / $18,606.2 billion) x 100
Percentage = 0.2687 x 100
Percentage = 26.87%
Therefore, "Other Checkable Deposits, Demand Deposits: Total, Currency" is 26.87% of M1.
So which one is it, Other Checkable Deposits or Demand Deposits: Total or Currency?
Apologies for the confusion. The correct value that is 26.87% of M1 is "Currency," as mentioned in the question.
No, the answer is Demand Deposits: Total.
Apologies for the incorrect response. The correct value that is 26.87% of M1 is "Demand Deposits: Total."
To determine the value of Other Checkable Deposits, Demand Deposits: Total, Currency (CURRSL) as a percentage of M1, we need to calculate the percentage using the available data.
The formula to calculate the percentage is:
Percentage = (CURRSL / M1) * 100
Substituting the values:
Percentage = (2,236.47 billion / 18,606.2 billion) * 100
Calculating,
Percentage = (0.120 * 100)
Percentage = 12.01%
Therefore, the correct percentage for CURRSL as a percentage of M1 is approximately 12.01%, not 26.87% as mentioned in the question.
To find the percentage of "Other Checkable Deposits, Demand Deposits: Total, Currency" out of M1, you need to divide the value of "Other Checkable Deposits, Demand Deposits: Total, Currency" by the value of M1 and then multiply by 100.
Given that:
M1 = $18,606.2 billion
CURRSL = $2,236.47 billion
The formula to calculate the percentage is:
(Other Checkable Deposits, Demand Deposits: Total, Currency / M1) * 100
Now let's substitute the values into the formula:
(2,236.47 / 18,606.2) * 100 = 0.1201 * 100 = 12.01
Therefore, "Other Checkable Deposits, Demand Deposits: Total, Currency" is approximately 12.01% of M1.