Determine the total amounts-currency held by individuals

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Reference no: EM13995746

Determine the total amounts of M1 and M2 based on the following data from July 2010:

Currency held by individuals and businesses was $921 billion.

Traveler's checks were $7 billion.

Checkable deposits owned by individuals and businesses were $813 billion.

Savings deposits were $5,420 billion.

Small time deposits were $1,700 billion.

Money market funds and other deposits were $1,003 billion.

Reference no: EM13995746

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