Question: The table shows the amounts held as the various components of M1 and M2. What are the values of M1 andM2? The value of M1

The table shows the amounts held as the various components of M1 and M2.

What are the values of M1 andM2?

The value of M1 is $

nothing

billion.

The value of M2 is $

nothing

billion.

Item

$billions

Non-chequable deposits, personal

375

375

Chequabledeposits, personal andnon-personal

200

200

Fixed term deposits

260

260

Non-chequable deposits,non-personal

320

320

Currency outside banks

50

50

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