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The table shows the amounts held as the various components of M1 and M2. Item $billions Non-chequable deposits, personal 555 Chequable deposits, personal and non-personal

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The table shows the amounts held as the various components of M1 and M2. Item $billions Non-chequable deposits, personal 555 Chequable deposits, personal and non-personal 175 Non-chequable deposits, non-personal 120 Currency outside banks 110 Calculate the values of M1 and M2. The value of M1 is $ billion. The value of M2 is $ billion

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