Solved: Calculate the amounts of m1 and m2, Macroeconomics

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Calculate the amounts of m1 and m2

Problem: Given the following information for November 2010, calculate the amounts of M1 and M2 in November 2010. The amounts are in billions of dollars.

Currency                                $915.0
Demand deposits      507.0
Money market mutual      711.1
funds (retail only)
Other checkable deposits      405.2
Savings deposits, including       5,317.9
money market deposit accts
Small-denomination time             943.3
Deposits
Traveler's checks   4.7

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Macroeconomics: Calculate the amounts of m1 and m2

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