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Part 1 (1 point) Use the information in the table below to answer the following two questions. Items Billions of $ Savings deposits 7000 Money

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Part 1 (1 point) Use the information in the table below to answer the following two questions. Items Billions of $ Savings deposits 7000 Money market 700 mutual funds M2 13700 Checking deposits 2750 Small time deposits 750 How much is M1? billion Part 2 (1 point) See Hint Now, calculate the amount of currency in billions of dollars in the economy from the given information (assume no traveler's checks). S billion

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