Follow all instructions and provide requested answers. Use your Rubrirfar problem-solving guidance. 1. In November 2018, currency held by individuals and businesses was $699.8 billion; traveler's checks were 57.6 billion; checkable deposits owned by individuals and businesses were $654.7 billion; savings deposits were 53,4948 billion; small time deposits were $810.3 billion; and money market funds and other deposits were $713.3 billion. Calculate M1 and M2 and show your formulas, calculations, and answers. Formula Calculation Answer 2. Monica transfers $10,000 from her savings account at the Bank of Alaska to her money market fund. What is the immediate change in M1 and M2? Show your work. Formula Calculation Answer 3. Terry takes $100 from his checking account and deposits the $100 in his savings account. What is the immediate change in M1 and M2? Show your work. Formula Calculation Answer 4. The four functions of money are (1) , (2) and (4) l3) 5. Define each of the coefficients used to calculate M1 and M2. The four functions of money are (1), (2) (34. and (4) Define each of the coefficients used to calculate M1 and M2. What is money? What is commodity money? What is at money? Are debit cards, credit cards, and cryptocurrency money