What is the value of $F (the total new checkable deposits)?

Asset demand for money is holding money

A) as a medium of exchange to make payments. B) to meet unplanned expenditures and emergencies. C) to speculate on the stock market and bonds. D) as a store of value instead of other assets.

Refer to Table 9-9. Suppose that the data in the table above reflect the price levels in the economy. Given that data, we can say that the cost of living rose by ________ between 2015 and 2016?

A) 2% B) 5% C) 8% D) 11% E) 13%