Define money market mutual funds

Reference no: EM13176856

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 funds (retail only) 711.1

Other checkable deposits 405.2

Savings deposits, including money market deposit accounts 5,317.9

Small-denomination time deposits 943.3

Traveler's checks 4.7

Reference no: EM13176856

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