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

Home Work Help
1

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

item Billions
Savings deposits 400
Checking deposits 175
Time deposits 220
Money market funds and other deposits 220
Currency and travelers checks 120
  1. What is the value of M1?
  2. What is the value of M2?