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What is the value for m1 money

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The following table gives recent values for various financial assets. Not all assets will necessarily be used in your calculations for parts a and b.

Asset class

$ (billions)

Currency

$1,420

Savings deposits

$8,850

Small-denomination time deposits

$375

Large-denomination time deposits

$1,750

Total checkable deposits

$1,900

Retail money funds

$710

Institutional money funds

$2,250

Traveler's checks

$2
  • Given our description in class, what is the value for M1 money?
  • Given our description in class, what is the value for M2 money?

Reference no: EM131382609

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