>> Business Economics
Given the following information for November 2010, calculate the amounts of M1 and M2 in November 2010. The amounts are in billions of dollars.
Demand deposits 507.0
Money market mutual funds (retail only) 711.1
Other checkable deposits 405.2
Savings deposits, including money market deposit accounts 5,317.9
Small-denomination time deposits 943.3
Traveler’s checks 4.7