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QUESTION TWO a) Use the figures in the table below to answer the following questions. $ Billions Small time deposits 1124 Large time deposits 2126

QUESTION TWO a) Use the figures in the table below to answer the following questions. $ Billions Small time deposits 1124 Large time deposits 2126 Saving deposits, including Money-market deposit accounts 1912 Money-market mutual funds 990 Checkable deposits 678 Currency 623 i) What is the value of M1? (1 mark) ii) What is the value of M2? (1 mark) lii) What is the value of M3? (1 mark)

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