Question: Using the information below compute the M1 money supply. Category Amount Currency and coin held by the public $800 Checking account balances $1,700 Traveler's checks

Using the information below compute the M1 money supply.

Category

Amount

Currency and coin held by the public

$800

Checking account balances

$1,700

Traveler's checks

$10

Savings account balances

$2,700

Small denomination time deposits

$5,000

Money market deposit accounts in banks

$1,000

Noninstitutional money market fund shares

$2,000

The M1 money supply is equalto: $

nothing

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