Based on the following information, the value of the M1 measure of the money supply is ______ and the value of the M2 measure of the money supply is ______. $\begin{array}{lr}
{\text { Assets }} & \text { Billions of Dollars } \
\text { Currency } & 20 \
\text { Demand deposits } & 300 \
\text { Money market mutual funds } & 800 \
\text { Travelers' checks } & 10 \
\text { Savings deposits } & 1,800 \
\text { Other checkable deposits } & 200 \
\text { Small denomination time deposits } & 1,100
\end{array}$

Question

Quizplus · Accepted Answer

M1 includes currency, demand deposits, travelers' checks, and other checkable deposits, totaling $530 billion. M2 includes M1 plus savings deposits, small denomination time deposits, and money market mutual funds, totaling $4,230 billion.

Based on the Following Information, the Value of the M1