Question: a)Use the figures in the table below to answer the following questions. $ Billions Small time deposits1722 Large time deposits3025 Saving deposits, including Money-market Deposit

a)Use the figures in the table below to answer the following questions.

$ Billions

Small time deposits1722

Large time deposits3025

Saving deposits, including Money-market Deposit

Accounts1918

Money-market mutual funds980

Checkable deposits631

Currency723

i)What is the value of M1?{2 marks}

ii)What is the value of M2?{2 marks}

What is the value of M3

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