Explain how has the relative composition of m1 changed

Reference no: EM1333577

Relative Composition of M1

Report the Monthly "Not Seasonally Adjusted" data for the most recent month and for January, 1965 (click on View Data on the left side of the page) for each of the following: Ml Money Stock, the Currency Component of M1, Demand Deposits at Commercial Banks, Other Checkable Deposits, and Traveler's Checks Outstanding.

How has the relative composition of M1 changed since 1965? Do your best to explain why this change has occurred.

Reference no: EM1333577

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