Question: Calculate M1 and M2 using details from the table given below. Value (in millions) Currency $80 Checkable deposits 35 Traveler's checks 10 Savings deposits 120

Calculate M1 and M2 using details from the table given below.

Value (in millions)

Currency

$80

Checkable deposits

35

Traveler's checks

10

Savings deposits

120

Small-denomination time deposits

75

Money market mutual fund shares

50

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