MONEY AND BANKING FIRST ASSIGNMENT $2023-2024$ FALL SEMESTER

$\backslash$table$[[$Component$,\backslash$table$[[$Amount$],[($billions of dollars$)]]],[$Currency$,300],[$Checking deposits,$600],[$Savings deposits,$450],[$Traveler$\text{'}$s checks,$10],[$Time deposits,$1,200],[\backslash$table$[[$Money market mutual$],[$funds$]],1,100],[\backslash$table$[[$Available credit on credit$],[$cards$]],900]]$

$1-$According to the table above, answer following questions:

c$.$ if $40\%$of time deposit change to saving deposits, how will M$1$ and M$2$ change?