Question: In May 2011, M1 was $537 billion; M2 was $1,034 billion; personal chequable deposits were $206 billion; non-personal chequable deposits were $273 billion; personal non-chequable

In May 2011, M1 was $537 billion; M2 was $1,034 billion; personal chequable deposits were $206 billion; non-personal chequable deposits were $273 billion; personal non-chequable deposits were $162 billion; and non-personal non-chequable deposits were $30 billion. Calculate currency held by individuals and businesses and calculate fixed term deposits.

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