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Considering the following data (expressed in billions of U.S. dollars), calculate M1 and M2. (See pages 323-324.) Currency 1,050 Savings deposits 5,500 Small-denomination time deposits

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Considering the following data (expressed in billions of U.S. dollars), calculate M1 and M2. (See pages 323-324.) Currency 1,050 Savings deposits 5,500 Small-denomination time deposits 1,000 Traveler's checks outside banks and thrifts 10 Total money market mutual funds 800 Institution-only money market mutual funds 1,800 Transactions deposits 1,140

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