Question: I need help with this. their needs to be a one to two paragraph response The table below shows hypothetical values, in billions of dollars,

I need help with this. their needs to be a one to two paragraph response

I need help with this. their needs to be a one to

The table below shows hypothetical values, in billions of dollars, of different forms of money. a. Use the table to calculate the M1 and M2 money supplies for each year, as well as the growth rates of the M1 and M2 money supplies from the previous year, 2017 2018 2019 2020 Currency 900 920 925 931 Money market mutual fund shares 680 681 679 688 Saving account deposits 5,500 5.760 5,968 6,105 Money market deposit accounts 1.214 1.245 1,274 1,329 Demand and checkable deposits 1.000 972 980 993 Small denomination time deposits 830 861 1,123 1,566 ons Traveler's checks 1,986 2.374 2.436 2 502 I 3-month treasury bills b. Why are the growth rates of M1 and M2 so different? Explain. c. Go to the web site of the St. Louis Federal Reserve Bank FRED database and find monthly data on seasonally adjusted measures of M1 and M2 Using the FRED graphing tools, graph the annual (year-over year) growth rates of M1 and M2 for the sample period 1989-2019, Include your graph in your submission

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