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Suppose that currency and traveler's checks held by individuals and businesses are $817 billion; checkable deposits owned by individuals and businesses are $774billion; savings deposits

Suppose that currency and traveler's checks held by individuals and businesses are $817 billion; checkable deposits owned by individuals and businesses are $774billion; savings deposits are $5,000billion; time deposits are $1,154billion; and money market funds and other deposits are $1,025billion.

Calculate M2 (in billions).

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