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Go to the St. Louis Federal Reserve FRED database and find data on currency (CURRSL), demand deposits (DEMDEPSL), and other liquid deposits (MDLM). Calculate the

Go to the St. Louis Federal Reserve FRED database and find data on currency (CURRSL), demand deposits (DEMDEPSL), and other liquid deposits (MDLM). Calculate the M1 money supply, and calculate the percentage change in M1 and in each of the three components of M1 from the most recent month of data available (Jul 2022) to the same time one year prior (Jul 2021). Which component has the highest growth rate? The lowest growth rate?

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