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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

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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