Question: table 1 and 4 is in the link provided-https://www.federalreserve.gov/releases/h6/current/default.htm What is the difference between money supply measures ofM1andM2? What do they consist of? Check Table

table 1 and 4 is in the link provided-https://www.federalreserve.gov/releases/h6/current/default.htm

  1. What is the difference between money supply measures ofM1andM2? What do they consist of?
  2. CheckTable 1on theFederal Reserve website below. How much were M1 and M2 respectively in September of 2020? Use the seasonally adjusted data. Please note that all the numbers are expressed in billions of dollars.https://www.federalreserve.gov/releases/h6/current/default.htm
  3. According toTable 3 (link above), how much were components ofM1in September of 2020? Calculate the sum of these components and derive the M1.
  4. CheckTable 4 (link above).How much were components ofM2in September of 2020? Calculate the sum of these components and derive the M2.

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