Given the following information for November 2010, calculate the amounts of M1 and M2 in November 2010.
Question:
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
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M1 consists of currency demand deposits other checkable deposit...View the full answer
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