[Answer] Given the following information what are the values of M1 and M2?Small time deposits $1 300 billion Demand deposits and other checkable deposits $600 billion Savings deposits $1 500 billion Money market mutual funds $1 200 billion Travelers' checks $50 billion Large time deposits $1 200 billion Currency $200 billion Miscellaneous categories in M2 $50 billion

Answer: M1 = $850 billion M2 = $4 900 billion.

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Given the following information what are the values of M1 and M2?Small time deposits $1 300 billion Demand deposits and other checkable deposits $600 billion Savings deposits $1 500 ...

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