In this Module 4 Web Assignment, you will be evaluating data on Money Stock Measures at FRED (Federal Reserve Economic Data) (https://fred.stlouisfed.org/release?rid=21). Complete the following items:

1. First, in a paragraph or two, describe what components make up M1, M2 and MZM.
2. Visit the Federal Reserve Bank of Saint Louis.(https://fred.stlouisfed.org/release?rid=21)
   • Select the data series for the components listed below. Use the Monthly, Seasonally Adjusted data. Set your dates to look at the past 30 years. To more closely look at trends, feel free to look at it on a one year, five year or ten year basis rather than at all 30 years at once.
   • M1 Money Stock
   • M2 Money Stock
   • Currency Component of M1
   • Total Checkable Deposits
   • Travelers Checks Outstanding
3. Now, in two to three paragraphs, explain what patterns and trends you see in the data for each of these components.
   • When did clear changes occur?
   • Explain what you feel could have been occurring.
   • Which changes could have occurred because of economic events?
   • Were there times when people appeared to shift from one aggregate to another?

You must cite your references properly according to M L A or A P A guidelines. Even if the source is mentioned in the assignment instructions, you still need to cite and include it within your document.