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Currency and coin held by nonbanking public

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Reference no: EM13299620

Calculate M1 and M2 using the following information:

Large-denomination time deposits: $ 304 billion

Currency and coin held by nonbanking public: 438 billion

Checkable deposits: 509 billion

Small-denomination time deposits:198 billion

Traveler’s checks: 18 billion

Savings deposits: 326 billion

Money market mutual fund accounts: 637 billion

Reference no: EM13299620

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