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The following information is available to you: travelers' checks = $1 million; coin and paper currency = $30 million; repurchase agreements and Eurodollars = $15

The following information is available to you: travelers' checks = $1 million; coin and paper currency = $30 million; repurchase agreements and Eurodollars = $15 million; demand deposits = $25 million; retail money market mutual finds = $60 million; savings accounts at depository institutions = $40 million; checkable deposits at depository institutions = $35 million; large denomination time deposits = $50 million; institutional money market mutual funds = $65 million; and small denomination time deposits = $45 million. Using Fed definitions, determine the size of the a. M1, b. M2, c. M3

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