Question: Real-Time Data Analysis Exercise The following table contains the most recent observations (July 31, 2023) from FRED* on M2 and several series relevant to the

Real-Time Data Analysis Exercise The following table contains the most recent observations (July 31, 2023) from FRED* on M2 and several series relevant to the measurement of alternative monetary aggregates. Value (in Series billions) M2 Money Stock $207569 Small-denomination Time Deposits $917.5 Retail Money Funds $1537.53 Demand Deposits $5104.4 Other Liquid Deposits $109523 *ReaI-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Using the data recorded above, the most recent observation of M1 must be $E| billion. (Enter your response rounded to one decimal place.)

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