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Asset Amount (billions of dollars) Currency $83 Demand deposits 80 Money market funds 44 Other checkable deposits 37 Savings deposits 463 Small time deposits 22

Asset Amount (billions of dollars) Currency $83 Demand deposits 80 Money market funds 44 Other checkable deposits 37 Savings deposits 463 Small time deposits 22 Traveler's checks 4 Instructions: Enter your answers as a whole number. a. Calculate the M1 money supply. $ billion b. Calculate the M2 money supply. $ billion

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