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Calculate M1 and M2 based on given information below Travelers checks 100,000 USD$ Money market mutual fund shares 800,000 USD$ Small-denomination time deposits 600,000 USD$

Calculate M1 and M2 based on given information below

Travelers checks

100,000 USD$

Money market mutual fund shares

800,000 USD$

Small-denomination time deposits

600,000 USD$

Credit card balances

300,000 USD$

Demand deposits

1,500,000 USD$

Savings deposits and money market deposit accounts

5,000,000 USD$

Other checkable deposits

700,000 USD$

Currency

1,000,000 USD$

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