Assume that the following asset values (in billions of dollars) exist in Eraberland Item Billions of Dollars Checkable Deposits $1,820 Currency Held By The Public 280 Savings Deposits, Including Money-Market Deposit Accounts 4,300 Real estate in market value, from private owners 8,350 (individuals, not companies) Money-Market Mutual Funds Held By Individuals 1,700 Money-Market Mutual Funds Held By Businesses 1,200 Currency In Banks 80 Large-denominated ($100,000 or more) Time Deposits 180 Investments in shares from the stock exchange (NYSE, Nasdaq) 650 Small-denominated ($100,000 or less) Time Deposits 250 a. What is M1 in Ecaberland? b. What is M2 in ExaberJand? Answer (show calculations)