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Financial Assets $ billion Currency 200 Checkable deposits 430 Traveler's checks 20 Certificates of Deposit (CDs) 300 Savings deposits 350 U.S. Savings Bonds 150 Use
Financial Assets
$ billion
Currency
200
Checkable deposits
430
Traveler's checks
20
Certificates of Deposit (CDs)
300
Savings deposits
350
U.S. Savings Bonds
150
Financial Assets | $ billion |
Currency | 200 |
Checkable deposits | 430 |
Traveler's checks | 20 |
Certificates of Deposit (CDs) | 300 |
Savings deposits | 350 |
U.S. Savings Bonds | 150 |
Use the information in the table above to determine the value of the money supply measured by M1 and the value of the money supply measured by M2. Show what is included in each and the total value.
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