Use the following table to determine the levels of M1 and M2 in the United States.

Money Categories in the United States

Asset	Amount (billions of dollars)
Currency	$86
Demand deposits	83
Money market funds	45
Other checkable deposits	39
Savings deposits	472
Small time deposits	24
Traveler's checks	5

Instructions: Enter your answers as a whole number.

a. Calculate the M1 money supply.

$ billion

b. Calculate the M2 money supply.

$ billion