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In June 2014, individuals and businesses held: 2 $50 billion in currency $1,000 billion in chequable deposits $5,000 billion in non-chequable deposits $8,700 billion in
In June 2014, individuals and businesses held: 2
- $50 billion in currency
- $1,000 billion in chequable deposits
- $5,000 billion in non-chequable deposits
- $8,700 billion in stocks
- $750 billion in fixed term deposits
- $450 billion in foreign currency deposits
Calculate M1 and M2.
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