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Define money market mutual funds

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Given the following information for November 2010, calculate the amounts of M1 and M2 in November 2010. The amounts are in billions of dollars.

Currency                                                                                            $915.0

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

Reference no: EM13176856

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