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Use the following table to determine the levels of M1 and M2 in the United States. Money Categories in the United States Amount (billions of

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Use the following table to determine the levels of M1 and M2 in the United States. Money Categories in the United States Amount (billions of Asset dollars) Currency $82 Demand deposits 80 Money market funds 44 Other checkable deposits 37 Savings deposits 460 Small time deposits 22 Traveler's checks 4 ances Instructions: Enter your answers as a whole number. a. Calculate the M1 money supply. $[ billion b. Calculate the M2 money supply. $[ billion

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