Go to the website of the Federal Reserve Bank of St. Louis at https://www.stlouisfed.orgLinks to an external site.. Go to research and data (first link on menu bar) and access the Federal Reserve Economic Database (FRED). . Compare the present size of M1 and M2 money stock measures with the data presented in the measures of the U.S. money supply section of this chapter. . Also find the current sizes of these M1 components: currency, travelers' checks, demand deposits, and other checkable deposits. . Express each component as a percentage of M1 and compare your percentages with those presented in the chapter. MI Component $ Billions Percentage Currency 1,626.1 42.6 Traveler's checks 1.7 .O Demand deposits 1,553-4 40.7 Other checkable deposits 637.7 16.7 Total M1 3,818.9 100.0 M1 Money Supply, Dec. 2018. "Melicher, Ronald W. and Norton, Edgar A. (2019). Introduction to Finance: Markets, Investments, and Financial Management. Wilev. "As of December, 2018, the Fed reported M2 at $14,538.8 billion, which is about four times the size of M1". Melicher, Ronald W. and Norton, Edgar A. (2019). Introduction to Finance: Markets, Investments, and Financial Management. Wiley