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Macroeconomics: (Monetary Aggregates) Calculate M1 and M2 using the following information: Large-denomination time deposits $304 billion Currency and coin held by the non-banking public $438

Macroeconomics:

(Monetary Aggregates) Calculate M1 and M2 using the following information:

Large-denomination time deposits $304 billion

Currency and coin held by the non-banking public $438 billion

Checkable deposits $509 billion

Small denomination time deposits $198 billion

Travelers check $18 billion

Saving deposits $326 billion

Money market mutual fund accounts $623 billion

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