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Demand deposits 78 Money market funds 43 Other checkable deposits 36 Savings deposits 451 Small time deposits 21 Traveler's checks 4 Instructions: Enter your answers

Demand deposits 78 Money market funds 43 Other checkable deposits 36 Savings deposits 451 Small time deposits 21 Traveler's checks 4 Instructions: Enter your answers as a whole number. a. Calculate the M1 money supply. $ billion b. Calculate the M2 money supply. $ billion

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