View the step-by-step solution to:

# Given the following information, what are the values of M1 and M2?

Given the following information, what are the values of M1 and M2?

Small time deposits \$1,100 billion

Demand deposits and other checkable deposits \$800 billion

Savings deposits \$1,350 billion

Money market mutual funds \$900 billion

Traveler's checks \$30 billion

Large time deposits \$750 billion

Currency \$150 billion

Miscellaneous categories in M2 \$40 billion

a)M1 = \$830 billion, M2 = \$4,370 billion.

b) M1 = \$980 billion, M2 = \$4,370 billion.

c) M1 = \$980 billion, M2 = \$3, 390 billion.

d) M1 = \$1,020 billion, M2 = \$3,390 billion.

Given the following information, what are the values of M1 and M2? Small time deposits \$1,100 billion Demand deposits and other checkable deposits \$800 billion Savings deposits \$1,350 billion Money...

### Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

### -

Educational Resources
• ### -

Study Documents

Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

Browse Documents