Question: Calculate M1 and M2 using details from the table given below. Value (in millions) Currency $75 Checkable deposits 25 Traveler's checks 10 Savings deposits 125

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

Value (in millions)

Currency $75

Checkable deposits 25

Traveler's checks 10

Savings deposits 125

Small-denomination time deposits 75

Noninstitutional money market mutual fund shares 50

Money market deposit accounts 25

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