​ Billions $ ​ Small time deposits ​ ​ 1014 ​ Money-market mutual funds held by businesses ​ ​ 1190 ​ Savings deposits, including money-market deposit accounts ​ ​ 3649 ​ ​...






































         Billions $



Small time deposits ​


  ​



1014 ​



Money-market mutual funds held by businesses ​


  ​



1190 ​



Savings deposits, including money-market deposit accounts ​


  ​



3649 ​


  ​



Money-market mutual funds held by individuals ​


  ​



744 ​


  ​



Checkable deposits ​


  ​



633 ​


  ​



Currency ​



743 ​




(a)What is the value

of

M

1?


(b)What is the value of

M

2?



Jun 07, 2022
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