Q4: Showing necessary calculation will be appreciated Answer the questions below based on the data in the following table. (All figures are in $billions.) Total currency issued by the Bank of Canada $45 Total personal savings deposits & personal term deposits 270 Total demand deposits 65 Deposits of the federal government at the Bank of Canada 54 Currency held by the commercial banks S Government bonds owned by the public 165 Nonpersonal fixed-term deposits (certificates of deposit) 105 a) What is the amount of currency in circulation? Ans: b) How much larger is MI than the amount of currency in circulation? c) How much larger is M2 than MI? d) How much larger is M3 than M2