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Wk 4 - Apply: Money and the Federal Reserve Quiz [due Day 7] i Use the following table to determine the levels of M1 and

Wk 4 - Apply: Money and the Federal Reserve Quiz [due Day 7] i 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 5 Asset dollars points Currency $77 Demand deposits 76 Money market funds 42 Other checkable deposits 35 Savings deposits 445 Book Small time deposits 20 Traveler's checks References 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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