The following table shows the components of M1 and M2 in billions of dollars for the month of December in the years 2009 to 2019 reported by the Federal Reserve Bank of St. Louis. Complete the table by calculating M1, M2, currency in circulation as a percentage of M1, and currency in circulation as a percentage of M2. What trends or patterns about M1, M2, currency in circulation as a percentage of M1, and currency in circulation as a percentage of M2 do you see? What might account for these trends? 

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Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Currency in circulation $863.7 918.8 1,001.6 1,090.7 1,160.7 1,253.2 1,339.5 1,420.9 1,525.0 1,624.8 1,710.9 Checkable deposits $829.1 917.9 1,162.7 1,370.4 1,503.7 1,687.1 1,754.4 1,919.0 2,082.3 2,121.7 2,266.2 Savings Time deposits deposits $4,812.0 5,331.5 6,033.6 6,683.3 7,128.2 7,573.0 8,169.7 8,814.5 9,110.3 9,260.9 9,765.2 $1,187.5 934.4 776.9 645.8 570.4 523.4 413.2 353.4 414.2 532.9 580.0 Money market funds $791.1 686.7 676.3 655.4 652.0 631.3 653.3 691.3 703.8 811.5 979.9