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Compute M1 and M2 given the following data (3pts): Money market mutual funds $250B Travelers checks $10B Cash on Hand $2525B Dollars held by European

Compute M1 and M2 given the following data (3pts): Money market mutual funds $250B Travelers checks $10B Cash on Hand $2525B Dollars held by European Central Bank $250B Cash held by the Federal Reserve $700B Vault Cash at Banks $300B Small time deposits $350B Savings-type accounts $225B Checking deposits $450B Bank Holdings of foreign currency $320B Bank Reserves at the Fed $1600B Corporate shares held by public $1200B Corporate shares held by banks $1700B M2:______________

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