content area Part 1 Real-Time Data Analysis Exercise* Considering the following data for the week of (expressed in billions of U.S. dollars), calculate M1 and M2. Item Value ($ billions) Currency $1,616 Savings and money market deposit accounts $9,201 Small-denomination time deposits $538 Traveler's checks outside banks and thrifts $2 Noninstitution money market mutual funds $787 Institution-only money market mutual funds $1,860 Transaction deposits $2,072 *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Part 2 M1 was $ enter your response here billion. (Enter your response as a whole number.)