a)Use the figures in the table below to answer the following questions. $ Billions Small time deposits1722
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Question:
a)Use the figures in the table below to answer the following questions.
$ Billions
Small time deposits1722
Large time deposits3025
Saving deposits, including Money-market Deposit
Accounts1918
Money-market mutual funds980
Checkable deposits631
Currency723
i)What is the value of M1?{2 marks}
ii)What is the value of M2?{2 marks}
What is the value of M3
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