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

Question

Calculate the value of M1 and M2.

The value of M1 is
​$nothingm billion.

The value of M2 is
​$nothingm billion.

Item

​$billions

Savings deposits

300300


Checking deposits

200200


Small time deposits

280280


Money market funds and other deposits

300300


Currency and​ traveler's checks

7070

Answer 1

M1

M2

The value of M1 is
​$870 billion.

The value of M2 is
​$1,570 billion.