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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.

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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...

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