10th attempt
Part 1 (1 point) Feedback
Use the information in this table to answer the following two questions.
Items Billions of $
Savings deposits 7500
Money market mutual funds 700
M2 13700
Checking deposits 2250
Small time deposits 750
How much is M1?
$ 4750 billion
Part 2 (1 point) Feedback
Now, calculate the amount of currency in billions of dollars in the economy from the given information (assume no traveler's checks).
$ 2500 billion