The table shows the amounts held as the various components of M1 and M2. Item $billions What are the values of M1 and M2? Non-chequable
The table shows the amounts held as the various components of M1 and M2. Item $billions What are the values of M1 and M2? Non-chequable deposits, personal 350 Chequable deposits, personal and non-personal 150 Fixed term deposits 230 Non-chequable deposits, non-personal 200 The value of M1 is $ 200 billion. Currency outside banks 50 The value of M2 is $ billion
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