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Calculate M1 and M2 Using Details from the Table Given

Question 167

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Calculate M1 and M2 using details from the table given below.  Currency  Value (in millions)  Checkable deposits 75 Traveler’s checks 25 Savings deposits 10 Small-denamination time deposits 125 Noninstitutional money market mutual fund shares 75 Maney market deposit accaunts 50\begin{array} { | l | c | } \hline \text { Currency } & \text { Value (in millions) } \\\hline \text { Checkable deposits } & 75 \\\hline \text { Traveler's checks } & 25 \\\hline \text { Savings deposits } & 10 \\\hline \text { Small-denamination time deposits } & 125 \\\hline \text { Noninstitutional money market mutual fund shares } & 75 \\\hline \text { Maney market deposit accaunts } & 50 \\\hline\end{array}

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M1: Currency + Checkable deposits + Trav...

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