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What to Include when Calculating M1 and M2

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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 711.1
funds (retail only)
Other checkable deposits 405.2
Savings deposits, including 5,317.9
money market deposit accts
Small-denomination time 943.3
Traveler's checks 4.7

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M1 includes cash (currency), traveler's checks, demand deposits and other ...

Solution Summary

This solution shows what to include in calculations of the money supply: M1 and M2. It gives a detailed example based on data from November, 2010